Wednesday May 22, 2019 Change 0.00% Price £4.90
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will MATD.L stock price go up or down on Thu, 23 May 2019?

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Petro Matad Limited Forecast and Stock Analysis

Technical MATD.L stock analysis for Wednesday May 22, 2019.

Sell candidate since 2019-05-13 Loss -1.01%


No changes to the price of Petro Matad Limited in the last trading day ( Wednesday, 22nd May 2019 ). During day the stock fluctuated 2.04% from a day low at £4.90 to a day high of £5.00. The price has fallen in 5 of the last 10 days and is down by -2.97% for this period.

Quick summary:

  • 30 day high of the MATD.L stock price was £5.30 and low was £4.70.
  • 90 day high was £6.35 and low was £4.53.
  • 52 week high for the Petro Matad Limited - £13.50 and low - £1.95.

Trend

Petro Matad Limited lies in the middle of a very wide and 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 -10.35% during the next 3 months and, with 90% probability hold a price between £3.66 and £4.90 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Petro Matad Limited 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 £4.93 and £5.06. A break-up above any of these levels will issue buy signals.

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A buy signal from a double bottom formation was found on Monday May 20, 2019 and based on theory for this formation the price should go up by 0.30% to £5.20 within 4 trading days since signal was issued (Friday May 24, 2019).

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Petro Matad Limited finds support from accumulated volume at £4.85.

Support: £4.85 Price: £4.90 Resistance: £5.10

Risk

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 £0.10 (2.04%) between high and low. For the last week, the stock has had a daily average volatility of 2.96%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.96 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today MATD.L ranks #3651 as SELL CANDIDATE #3651 Weaker Sell

Will MATD.L stock price go up or down
on Thu, 23 May 2019?

Predict

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