Inland Homes Plc Forecast and Stock Analysis
Technical INL.L stock analysis for March 18, 2019.
Inland Homes Plc gained 1.16% in the last trading day, rising from £60.60 to £61.30 The price has been going up and down for this period, and there has been a -2.7% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 25 947 more shares were traded than the day before. In total, 190 577 shares bought and sold for approximately £11.68 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the INL.L stock was £61.30. This is 1.16% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 1.16% from a day low at £60.60 to a day high of £61.30.
30 day high of the INL.L stock price was £65.80 and low was £58.00.
90 day high was £65.80 and low was £49.80.
52 week high for the Inland Homes Plc - £73.60 and low - £47.30.
Inland Homes Plc lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £60.81 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.96% during the next 3 months and, with 90% probability hold a price between £75.38 and £82.71 at the end of this period.
Only positive signals in the chart today. Inland Homes Plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £61.86. On a fall, the stock will find some support from the long-term average at approximately £60.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday March 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.
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
Inland Homes Plc finds support from accumulated volume at £60.80.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.70 (1.16%) between high and low. For the last week, the stock has had a daily average volatility of 0.79%.
Our recommended stoploss: £57.76 (-5.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
Inland Homes Plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.