Strix Group Plc Forecast and Stock Analysis
Technical KETL.L stock analysis for March 22, 2019.
Strix Group Plc gained 1.14% in the last trading day, rising from £158.00 to £159.80 The price has risen in 6 of the last 10 days and is up by 3.5% 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, 1.24 million more shares were traded than the day before. In total, 1.84 million shares bought and sold for approximately £293.94 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the KETL.L stock was £159.80. This is 1.14% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 4.36% from a day low at £156.00 to a day high of £162.80.
30 day high of the KETL.L stock price was £170.00 and low was £151.00.
90 day high was £170.00 and low was £134.60.
52 week high for the Strix Group Plc - £176.00 and low - £123.00.
Strix Group Plc lies in the middle of a strong 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 17.11% during the next 3 months and, with 90% probability hold a price between £181.93 and £198.10 at the end of this period.
Only positive signals in the chart today. Strix Group 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 £162.23. On a fall, the stock will find some support from the long-term average at approximately £157.07. 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 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
Strix Group Plc finds support from accumulated volume at £155.20.
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 £6.80 (4.36%) between high and low. For the last week, the stock has had a daily average volatility of 4.43%.
Our recommended stoploss: £150.66 (-5.72%) (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
Strix Group Plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.