K3 Capital Group Plc Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of K3 Capital Group Plc in the last trading day. The price has fallen in 4 of the last 10 days and is down by -7.81% for this period.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the K3C.L stock was £248.00.
During day the stock fluctuated 0.00% from a day low at £248.00 to a day high of £248.00.
30 day high of the K3C.L stock price was £286.00 and low was £230.00.
90 day high was £305.00 and low was £230.00.
52 week high for the K3 Capital Group Plc - £404.00 and low - £193.00.
K3 Capital Group Plc is 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 £247.99 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect K3 Capital Group Plc with 90% probability to be traded between £247.22 and £303.35 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.
A buy signal was issued from a pivot bottom point on Monday January 21, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. K3 Capital Group 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 £270.14 and £273.20. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 32 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 3.19%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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K3 Capital Group 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.