Stronger Sell Today INCH.L ranks #3202 as SELL CANDIDATE #3202 Weaker Sell

INCH.L stock forecast Inchcape plc

INCH.L stock forecast

VOLUME
Buy
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

INCH.L Forecast and Technical Stock Analysis

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Sell candidate since 2019-08-09 Loss -3.29%

Inchcape plc gained 2.01% in the last trading day ( Monday, 19th Aug 2019 ), rising from £5.47 to £5.58 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.82% from a day low at £5.48 to a day high of £5.58. The price has fallen in 6 of the last 10 days and is down by -2.96% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 263 099 more shares were traded than the day before. In total, 904 461 shares bought and sold for approximately £5.05 million.

Quick summary:

  • 30 day high of the INCH.L stock price was £6.38 and low was £5.43.
  • 90 day high was £6.38 and low was £5.43.
  • 52 week high for Inchcape plc - £698.00 and low - £4.82.
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Trend

Inchcape plc is at the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at £5.45 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect Inchcape plc with a 90% probability to be traded between £5.34 and £6.17 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Inchcape 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 £5.59 and £5.96. A break-up above any of these levels will issue buy signals.

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Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 80 ]

RSI14 is 21 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Inchcape plc finds support from accumulated volume at £5.54.

Support: £5.54 Price: £5.58 Resistance: £5.86

Risk

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 £0.10 between high and low, or 1.82%. For the last week, the stock has had a daily average volatility of 2.11%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

2.11 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Inchcape plc holds several negative signals and is within a 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.

Stronger Sell Today INCH.L ranks #3202 as SELL CANDIDATE #3202 Weaker Sell

Will INCH.L stock price go up or down on Wed, 21 Aug 2019?

Golden Star Signal

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