K3 Business Technology Group plc Forecast and Stock Analysis
Technical KBT.L stock analysis for March 22, 2019.
No changes to the price of K3 Business Technology Group plc in the last trading day. The price has been going up and down for this period, and there has been a 2.25% gain for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the KBT.L stock was £227.00.
During day the stock fluctuated 0.00% from a day low at £227.00 to a day high of £227.00.
30 day high of the KBT.L stock price was £227.00 and low was £220.00.
90 day high was £227.00 and low was £197.00.
52 week high for the K3 Business Technology Group plc - £243.50 and low - £163.50.
K3 Business Technology Group plc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.06% during the next 3 months and, with 90% probability hold a price between £220.69 and £246.67 at the end of this period.
K3 Business Technology Group plc 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 £224.86 and £223.11. A break down below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closly at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
K3 Business Technology Group plc finds support from accumulated volume at £222.00.
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 £0.00 (0.00%) between high and low. For the last week, the stock has had a daily average volatility of 0.27%.
Our recommended stoploss: £217.72 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.