Keweenaw Financial Corp Forecast and Stock Analysis
Technical KEFI.L stock analysis for Wednesday June 19, 2019.
Keweenaw Financial Corp gained 6.25% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £1.48 to £1.57 During day the stock fluctuated 0.00% from a day low at £1.70 to a day high of £1.70. The price has fallen in 5 of the last 10 days , but is still up by 10.35% 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, 2.33 million more shares were traded than the day before. In total, 2.33 million shares bought and sold for approximately £3.66 million.
- 30 day high of the KEFI.L stock price was £2.20 and low was £0.01.
- 90 day high was £2.20 and low was £0.01.
- 52 week high for the Keweenaw Financial Corp - £2.54 and low - £0.01.
Keweenaw Financial Corp lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £1.80 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.19% during the next 3 months and, with 90% probability hold a price between £-0.02 and £1.62 at the end of this period.
Keweenaw Financial Corp 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 £1.58. On a fall, the stock will find some support from the long-term average at approximately £1.46. 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 Monday June 17, 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 52 and the stock is currently not being overbought or oversold
Support & Resistance
Keweenaw Financial Corp finds support from accumulated volume at £1.54.
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 £0.00 between high and low, or 0.00%. For the last week, the stock has had a daily average volatility of 2.17%.
Our recommended stoploss: £1.46 (-6.84%) (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.)
2.17 %Average volatility
Very Low Low Medium High Very High
Keweenaw Financial Corp 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.
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