Imaginatik Plc Stock Analysis
Technical stock analysis for Tue 11'th Dec 2018
Imaginatik Plc fell by -12.90% in the last day from £1.55 to £1.35 The price has fallen in 5 of the last 10 days and is down by -10% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3.18 million shares and in total 2.03 million shares bought and sold for approximately £2.74 million.
Imaginatik Plc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -56.22% during the next 3 months and, with 90% probability hold a price between £-1.15 and £1.93 at the end of this period.
There are few to none technical positive signals at the moment. Imaginatik Plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £1.51 and £1.84. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday December 06, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £1.25.
With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.00 may give a huge drop in the stock price.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.23 between high and low, or 16.98%. For the last week, the stock has had a daily average volatility of 20.61%.
Imaginatik Plc is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Imaginatik Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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