Strix Group Plc Forecast and Stock Analysis
Technical KETL.L stock analysis for Wednesday June 19, 2019.
Strix Group Plc gained 1.85% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £151.60 to £154.40 During day the stock fluctuated 3.42% from a day low at £152.20 to a day high of £157.40. The price has fallen in 5 of the last 10 days and is down by -2.4% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 23 517 more shares were traded than the day before. In total, 106 408 shares bought and sold for approximately £16.43 million.
- 30 day high of the KETL.L stock price was £164.40 and low was £150.00.
- 90 day high was £182.00 and low was £150.00.
- 52 week high for the Strix Group Plc - £182.00 and low - £1.43.
Strix Group Plc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.19% during the next 3 months and, with 90% probability hold a price between £143.97 and £171.02 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday June 18, 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. 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. 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 £155.49 and £158.80. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
Strix Group Plc finds support from accumulated volume at £153.80.
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 £5.20 (3.42%) between high and low. For the last week, the stock has had a daily average volatility of 3.86%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
3.86 %Average volatility
Very Low Low Medium High Very High
Strix Group Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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