Lamprell Plc Forecast and Stock Analysis
Technical LAM.L stock analysis for March 18, 2019.
Lamprell Plc gained 0.94% in the last trading day, rising from £53.10 to £53.60 The price has fallen in 5 of the last 10 days and is down by -5.3% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 22 446 more shares were traded than the day before. In total, 129 945 shares bought and sold for approximately £6.97 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the LAM.L stock was £53.60. This is 0.94% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 3.77% from a day low at £53.10 to a day high of £55.10.
30 day high of the LAM.L stock price was £60.00 and low was £52.10.
90 day high was £65.00 and low was £51.30.
52 week high for the Lamprell Plc - £105.00 and low - £51.30.
Lamprell 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 -9.99% during the next 3 months and, with 90% probability hold a price between £44.50 and £52.85 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday March 15, 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. Lamprell 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 £54.58 and £55.41. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Lamprell Plc finds support from accumulated volume at £53.50.
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 £2.00 (3.77%) between high and low. For the last week, the stock has had a daily average volatility of 3.78%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Lamprell 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.