VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will KDNC.L stock price go up or down on Tue, 28 May 2019?

Predict

Cadence Minerals Plc Forecast and Stock Analysis

Technical KDNC.L stock analysis for Friday May 24, 2019.

Hold candidate since 2019-05-24


No changes to the price of Cadence Minerals Plc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at £0.14 to a day high of £0.14. The price has been going up and down for this period, and there has been a 3.64% gain for the last 2 weeks.

Quick summary:

  • 30 day high of the KDNC.L stock price was £0.17 and low was £0.13.
  • 90 day high was £0.49 and low was £0.09.
  • 52 week high for the Cadence Minerals Plc - £9.11 and low - £0.09.

Trend

Cadence Minerals Plc lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £0.12 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 7.19% during the next 3 months and, with 90% probability hold a price between £0.13 and £0.43 at the end of this period.

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Signals

Cadence Minerals 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 £0.14. On a fall, the stock will find some support from the long-term average at approximately £0.14. 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. A buy signal was issued from a pivot bottom point on Wednesday May 22, 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. 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.

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A sell signal from a double top formation was found on Tuesday May 21, 2019 and based on theory for this formation the price should fall by -0.03% to £0.13 within 28 trading days since signal was issued (Monday July 01, 2019).

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Cadence Minerals Plc finds support from accumulated volume at £0.14.

Support: £0.14 Price: £0.14 Resistance: £0.15

Risk

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 4.82%.

Our recommended stoploss: £0.13 (-5.96%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 2 days ago.)

4.82 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Cadence Minerals Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate Upgraded

Will KDNC.L stock price go up or down
on Tue, 28 May 2019?

Predict

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