LondonMetric Property Plc Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of LondonMetric Property Plc in the last trading day. The price has fallen in 5 of the last 10 days and is down by -0.11% for this period.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the LMP.L stock was £177.80.
During day the stock fluctuated 0.00% from a day low at £177.80 to a day high of £177.80.
30 day high of the LMP.L stock price was £181.00 and low was £171.50.
90 day high was £190.30 and low was £171.50.
52 week high for the LondonMetric Property Plc - £197.40 and low - £167.40.
LondonMetric Property Plc lies in the middle of a 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 -4.87% during the next 3 months and, with 90% probability hold a price between £161.91 and £173.44 at the end of this period.
LondonMetric Property 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 £178.39. On a fall, the stock will find some support from the long-term average at approximately £177.35. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday January 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
LondonMetric Property Plc finds support from accumulated volume at £176.50.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.37%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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LondonMetric Property Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.