LXI REIT Plc Forecast and Stock Analysis
Technical LXI.L stock analysis for February 15, 2019.
LXI REIT Plc gained 1.65% in the last trading day, rising from £121.00 to £123.00 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 4 of the last 10 days and is down by -0.81% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.65 million more shares were traded than the day before. In total, 1.15 million shares bought and sold for approximately £141.99 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the LXI.L stock was £123.00. This is 1.65% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.07% from a day low at £120.50 to a day high of £123.00.
30 day high of the LXI.L stock price was £125.00 and low was £118.00.
90 day high was £125.00 and low was £115.50.
52 week high for the LXI REIT Plc - £125.00 and low - £100.00.
LXI REIT Plc lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.86% during the next 3 months and, with 90% probability hold a price between £124.38 and £130.09 at the end of this period.
Only positive signals in the chart today. A buy signal was issued from a pivot bottom point on Friday February 08, 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.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
LXI REIT Plc finds support from accumulated volume at £120.50.
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 £2.50 (2.07%) between high and low. For the last week, the stock has had a daily average volatility of 1.25%.
Our recommended stoploss: £116.52 (-5.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Strong Buy Candidate
LXI REIT Plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.