Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Monday June 24, 2019 Change 0.32% Price £62.00
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Buy
MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will LAM.L stock price go up or down on Wed, 26 Jun 2019?

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Lamprell Plc Forecast and Stock Analysis

Technical LAM.L stock analysis for Monday June 24, 2019.

Sell candidate since 2019-06-21 Gain 0.32%


Lamprell Plc gained 0.32% in the last trading day ( Monday, 24th Jun 2019 ), rising from £61.80 to £62.00 During day the stock fluctuated 1.29% from a day low at £62.00 to a day high of £62.80. The price has risen in 5 of the last 10 days , but is still down by -0.96% for this period. Volume fell in the last day by -147 232 shares, and in total, 51 130 shares bought and sold for approximately £3.17 million. 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.

Quick summary:

  • 30 day high of the LAM.L stock price was £69.60 and low was £60.80.
  • 90 day high was £69.60 and low was £52.60.
  • 52 week high for the Lamprell Plc - £101.60 and low - £0.53.

Trend

Lamprell 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 £61.28 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 6.2% during the next 3 months and, with 90% probability hold a price between £65.07 and £75.28 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday June 13, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Lamprell Plc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £64.29. On a fall, the stock will find some support from the short-term average at £61.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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A buy signal from a double bottom formation was found on Thursday June 13, 2019 and based on theory for this formation the price should go up by 4.18% to £65.18 within 5 trading days since signal was issued (Thursday June 20, 2019).

Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Lamprell Plc finds support from accumulated volume at £61.80.

Support: £61.80 Price: £62.00 Resistance: £63.40

Risk

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 £0.80 between high and low, or 1.29%. For the last week, the stock has had a daily average volatility of 1.11%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

1.11 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today LAM.L ranks #3315 as SELL CANDIDATE #3315 Weaker Sell

Will LAM.L stock price go up or down on Wed, 26 Jun 2019?

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