LOOK.L Forecast and Technical Stock Analysis
Hold candidate since 2019-08-19
LookSmart, Ltd fell by -4.04% in the last day ( Monday, 19th Aug 2019 ) from £0.48 to £0.46 During the day the stock fluctuated 6.20% from a day low at £0.46 to a day high of £0.49. The price has risen in 6 of the last 10 days and is up by 10.89% over the past 2 weeks. 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 -1 376 005 shares and in total 365 048 shares bought and sold for approximately £169 200.00.
- 30 day high of the LOOK.L stock price was £0.49 and low was £0.41.
- 90 day high was £0.89 and low was £0.34.
- 52 week high for LookSmart, Ltd - £105.60 and low - £0.34.
LookSmart, Ltd lies the upper part of a very 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 £0.47 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 -53.98% during the next 3 months and, with 90% probability hold a price between £0.09 and £0.22 at the end of this period.
LookSmart, Ltd holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £0.45 and £0.45. A break down below any of these levels will issue sell signals. 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 Friday August 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 85 ]
RSI14 is 61 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 behaviour.
Support & Resistance
LookSmart, Ltd finds support from accumulated volume at £0.46.
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 £0.03 between high and low, or 6.20%. For the last week the stock has had a daily average volatility of 6.08%.
Our recommended stop-loss: £0.44 (-5.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
6.08 %Average volatility
Very Low Low Medium High Very High
LookSmart, Ltd holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!