K3 Business Technology Group plc Forecast and Stock Analysis
Technical KBT.L stock analysis for Wednesday June 19, 2019.
No changes to the price of K3 Business Technology Group plc in the last trading day ( Wednesday, 19th Jun 2019 ). During day the stock fluctuated 0.00% from a day low at £213.00 to a day high of £213.00. The price has been going up and down for this period, and there has been a -4.05% loss for the last 2 weeks.
- 30 day high of the KBT.L stock price was £223.00 and low was £213.00.
- 90 day high was £227.00 and low was £213.00.
- 52 week high for the K3 Business Technology Group plc - £243.50 and low - £2.10.
K3 Business Technology Group plc lies in the lower of a narrow 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 £212.87 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.56% during the next 3 months and, with 90% probability hold a price between £205.29 and £213.64 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday June 18, 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 Business Technology 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 £218.57 and £220.43. 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)
RSI14 is 50 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.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.55 %Average volatility
Very Low Low Medium High Very High
K3 Business Technology Group plc holds several negative signals and is within a narrow 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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