K3 Capital Group Plc Forecast and Stock Analysis
Technical K3C.L stock analysis for March 22, 2019.
No changes to the price of K3 Capital Group Plc in the last trading day. The price has been going up and down for this period, and there has been a -5.2% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the K3C.L stock was £191.50.
During day the stock fluctuated 0.00% from a day low at £191.50 to a day high of £191.50.
30 day high of the K3C.L stock price was £248.00 and low was £185.50.
90 day high was £286.00 and low was £185.50.
52 week high for the K3 Capital Group Plc - £404.00 and low - £185.50.
K3 Capital Group Plc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £187.79 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.67% during the next 3 months and, with 90% probability hold a price between £135.83 and £158.80 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday March 20, 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 £197.93 and £225.27. 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".
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 20 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
K3 Capital Group Plc finds support from accumulated volume at £190.50.
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 2.53%.
K3 Capital Group Plc is oversold on RSI14 (20). 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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Evaluation: Sell Candidate
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.