KETL.L Forecast and Technical Stock Analysis
Hold candidate since 2019-08-16
Strix Group Plc gained 1.27% in the last trading day ( Friday, 16th Aug 2019 ), rising from £1.58 to £1.60 During the day the stock fluctuated 5.10% from a day low at £1.57 to a day high of £1.65. The price has been going up and down for this period, and there has been a -5.33% loss for the last 2 weeks. Volume fell in the last day by -76 741 shares and in total, 119 811 shares bought and sold for approximately £191 698.00. 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.
- 30 day high of the KETL.L stock price was £1.79 and low was £1.56.
- 90 day high was £1.79 and low was £1.50.
- 52 week high for Strix Group Plc - £167.60 and low - £1.27.
Strix Group Plc lies in the lower part of a 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 £1.58 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 5.13% during the next 3 months and, with 90% probability hold a price between £1.66 and £1.89 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 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. Strix Group Plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £1.63 and £1.62. 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)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 35 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Strix Group Plc finds support from accumulated volume at £1.59.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: £1.51 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
3.51 %Average volatility
Very Low Low Medium High Very High
Strix Group Plc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!