Weaker Buy Today ITV.L ranks #68 as BUY CANDIDATE. Stronger Buy
Today ITV.L ranks #68 as BUY CANDIDATE.

ITV.L stock ITV

ITV.L stock
ITV

April 18, 2019
Change 1.81%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ITV.L stock price go up or down on Tue, 23 Apr 2019?

ITV Forecast and Stock Analysis

Technical ITV.L stock analysis for April 18, 2019.

Buy candidate since 2019-04-16 Gain 4.58%

ITV gained 1.81% in the last trading day, rising from £137.80 to £140.30 , and has now gained 5 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. The price has risen in 6 of the last 10 days and is up by 5.33% over the past 2 weeks. Volume fell in the last day by -2.97 million shares, and in total, 15.12 million shares bought and sold for approximately £2 121.11 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the ITV.L stock was £140.30. This is 1.81% more than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 2.37% from a day low at £137.05 to a day high of £140.30.

30 day high of the ITV.L stock price was £140.30 and low was £124.50.
90 day high was £140.30 and low was £123.80.
52 week high for the ITV - £183.05 and low - £121.50.

Trend

ITV has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £137.90 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach £150.16 sometime during the next 3 months.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. ITV holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £134.74 and £132.68. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday April 12, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Monday April 15, 2019 in the medium-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

ITV finds support from accumulated volume at £135.55.

Support: £135.55 Price: £140.30

Risk

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 £3.25 (2.37%) between high and low. For the last week, the stock has had a daily average volatility of 2.03%.

The stock is extremely overbought on RSI14 (75). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: £135.63 (-3.33%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 75 and this increases the risk substantially. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today ITV.L ranks #68 as BUY CANDIDATE. Stronger Buy
Today ITV.L ranks #68 as BUY CANDIDATE.