K3 Business Technology Group plc Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of K3 Business Technology Group plc in the last trading day. The price has fallen in 4 of the last 10 days and is down by -1.4% for this period.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the KBT.L stock was £212.00.
During day the stock fluctuated 0.00% from a day low at £212.00 to a day high of £212.00.
30 day high of the KBT.L stock price was £221.00 and low was £197.00.
90 day high was £238.00 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 has broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is £211.42, a level that may pose a second chance to hit a runner. According to fan-theory £227.16 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
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 a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £219.83. On a fall, the stock will find some support from the short-term average at £204.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Monday January 21, 2019, which indicates further falls until a new bottom pivot has been found. 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 40 and the stock is currently not being overbought or oversold
Support & Resistance
K3 Business Technology Group plc finds support from accumulated volume at £208.00.
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 0.61%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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K3 Business Technology Group plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.