LILA - Liberty Global plc Fri 24'th Mar 2017
Liberty Global plc Stock Analysis
Stock analysis for Fri 24'th Mar 2017 (Updated daily) Sell candidate since 2017-03-21
Liberty Global plc fell by -0.33% in the last day, from USD 21.51 to USD 21.44. , and has now fallen 6 day in a row The price has fallen in 7 of the last 10 days and is down by -5.3% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -26 636 shares and in total, 437 267 shares bought and sold for approx. USD 9.38 million.
Liberty Global plc has broken the very wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately USD 22.11 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to none technical positive signals at the moment. Liberty Global 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 USD 22.05 and USD 23.49. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday March 17, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 16 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. On the upside the stock meets some resistance from accumulated volume at USD 25.89, USD 23.35 and USD 26.73.
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 USD 0.61 between high and low, or 2.88%. For the last week, the stock has had a daily average volatility of 2.86%.
Liberty Global plc is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Liberty Global plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.