Keweenaw Financial Corp Forecast and Stock Analysis
Technical KEFI.L stock analysis for March 22, 2019.
Keweenaw Financial Corp gained 1.10% in the last trading day, rising from £1.60 to £1.62 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days , but is still down by -5% for this period. Volume fell in the last day by -1 043 768 shares, and in total, 544 451 shares bought and sold for approximately £879 288.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the KEFI.L stock was £1.62. This is 1.1% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 0.00% from a day low at £1.54 to a day high of £1.54.
30 day high of the KEFI.L stock price was £1.89 and low was £1.54.
90 day high was £1.95 and low was £1.38.
52 week high for the Keweenaw Financial Corp - £4.70 and low - £1.25.
Keweenaw Financial Corp lies in the middle of a very 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 3.81% during the next 3 months and, with 90% probability hold a price between £1.56 and £2.03 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday March 20, 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. Keweenaw Financial Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £1.62 and £1.73. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Keweenaw Financial Corp finds support from accumulated volume at £1.55.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Keweenaw Financial Corp stock holds several negative signals and despite the positive trend we believe Keweenaw Financial Corp will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.