LN Forecast and Technical Stock AnalysisHold candidate since 2019-07-18
LINE Corporation American Depositary Shares (each representing one share of) gained 1.66% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $27.73 to $28.19 During day the stock fluctuated 1.66% from a day low at $27.79 to a day high of $28.25. The price has fallen in 7 of the last 10 days and is down by -3.03% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 46 545 more shares were traded than the day before. In total, 95 383 shares bought and sold for approximately $2.69 million.
- 30 day high of the LN stock price was $30.14 and low was $27.11.
- 90 day high was $35.30 and low was $27.04.
- 52 week high for the LINE Corporation American Depositary Shares (each representing one share of) - $46.48 and low - $27.04.
LINE Corporation American Depositary Shares (each representing one share of) lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $28.94 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.91% during the next 3 months and, with 90% probability hold a price between $19.95 and $23.47 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday July 17, 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. LINE Corporation American Depositary Shares (each representing one share of) 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 $28.35 and $28.41. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 47 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
LINE Corporation American Depositary Shares (each representing one share of) finds support from accumulated volume at $28.04.
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 $0.46 (1.66%) between high and low. For the last week, the stock has had a daily average volatility of 1.39%.
Our recommended stoploss: $26.59 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.39 %Average volatility
Very Low Low Medium High Very High
LINE Corporation American Depositary Shares (each representing one share of) holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|LN $28.19 ($0.46 1.66%)|
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