Kcom Group Plc Forecast and Stock Analysis
Technical KCOM.L stock analysis for March 22, 2019.
Kcom Group Plc gained 1.29% in the last trading day, rising from £70.00 to £70.90 The price has fallen in 6 of the last 10 days , but is still up by 2.6% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 372 605 more shares were traded than the day before. In total, 472 287 shares bought and sold for approximately £33.49 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the KCOM.L stock was £70.90. This is 1.29% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 3.96% from a day low at £68.20 to a day high of £70.90.
30 day high of the KCOM.L stock price was £72.80 and low was £67.00.
90 day high was £76.50 and low was £64.70.
52 week high for the Kcom Group Plc - £105.40 and low - £54.10.
Given the current horizontal trend you can expect Kcom Group Plc with 90% probability to be traded between £67.19 and £75.59 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Kcom 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 £70.56 and £69.80. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
Kcom Group Plc finds support from accumulated volume at £70.10.
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 £2.70 (3.96%) between high and low. For the last week, the stock has had a daily average volatility of 3.42%.
Our recommended stoploss: £66.95 (-5.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
Kcom Group Plc holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform great in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.