Wednesday June 19, 2019 Change 0.18% Price £109.20
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will KCOM.L stock price go up or down on Thu, 20 Jun 2019?

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Kcom Group Plc Forecast and Stock Analysis

Technical KCOM.L stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-18 Gain 0.18%


Kcom Group Plc gained 0.18% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £109.00 to £109.20 During day the stock fluctuated 0.92% from a day low at £108.20 to a day high of £109.20. The price has been going up and down for this period, and there has been a -0.73% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 414 932 more shares were traded than the day before. In total, 647 394 shares bought and sold for approximately £70.70 million.

Quick summary:

  • 30 day high of the KCOM.L stock price was £111.60 and low was £96.00.
  • 90 day high was £111.60 and low was £66.80.
  • 52 week high for the Kcom Group Plc - £111.60 and low - £0.70.

Trend

Kcom Group Plc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £106.46 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 64.45% during the next 3 months and, with 90% probability hold a price between £175.08 and £202.89 at the end of this period.

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Signals

Kcom Group Plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £109.51. On a fall, the stock will find some support from the long-term average at approximately £102.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 June 06, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 89 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £97.70 and £97.50.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kcom Group Plc finds support just below today's level at £97.70. If this is broken, then the next support from accumulated volume will be at £97.50 and £97.00.

Support: £97.70 Price: £109.20 Resistance: £109.60

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £1.00 between high and low, or 0.92%. For the last week, the stock has had a daily average volatility of 0.55%.

The stock is extremely overbought on RSI14 (89). This increases the short-term risk substantially.

Our recommended stoploss: £104.68 (-4.14%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from pivot top found 9 days ago.)

0.55 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Buy Candidate Downgraded

Will KCOM.L stock price go up or down on Thu, 20 Jun 2019?

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