Petro Matad Limited Forecast and Stock Analysis
Technical MATD.L stock analysis for March 18, 2019.
Petro Matad Limited fell by -2.86% in the last day from £5.25 to £5.10 The price has fallen in 7 of the last 10 days and is down by -12.22% for this period. Volume has increased in the last day by 1.17 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.81 million shares bought and sold for approximately £9.24 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the MATD.L stock was £5.10. This is 2.86% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 0.00% from a day low at £5.10 to a day high of £5.10.
30 day high of the MATD.L stock price was £6.35 and low was £4.65.
90 day high was £6.43 and low was £2.05.
52 week high for the Petro Matad Limited - £13.65 and low - £1.95.
Petro Matad Limited has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £5.22. A reaction back to this level may hold a second chance to get out before further falls.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday March 07, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Petro Matad Limited 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 £5.41. On a fall, the stock will find some support from the long-term average at approximately £4.80. 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.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Petro Matad Limited finds support from accumulated volume at £5.05.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band 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 3.21%.
Our recommended stoploss: £4.81 (-5.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 7 days ago.)
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.