VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will MERL.L stock price go up or down on Thu, 20 Jun 2019?

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Merlin Entertainments Plc Forecast and Stock Analysis

Technical MERL.L stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-12 Gain 5.41%


Merlin Entertainments Plc gained 1.40% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £384.50 to £389.90 , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During day the stock fluctuated 2.94% from a day low at £380.80 to a day high of £392.00. The price has risen in 8 of the last 10 days and is up by 5.72% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.39 million more shares were traded than the day before. In total, 4.68 million shares bought and sold for approximately £1 823.46 million.

Quick summary:

  • 30 day high of the MERL.L stock price was £392.00 and low was £327.60.
  • 90 day high was £392.00 and low was £327.60.
  • 52 week high for the Merlin Entertainments Plc - £415.70 and low - £3.37.

Trend

Merlin Entertainments Plc lies in the upper part of a wide and strong rising 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 £396.43 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 10.19% during the next 3 months and, with 90% probability hold a price between £378.96 and £436.82 at the end of this period.

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Signals

Only positive signals in the chart today. Merlin Entertainments Plc 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 £377.23 and £368.79. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday June 06, 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.

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Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Merlin Entertainments Plc finds support from accumulated volume at £380.00.

Support: £380.00 Price: £389.90

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 £11.20 (2.94%) between high and low. For the last week, the stock has had a daily average volatility of 2.10%.

Since the Merlin Entertainments Plc has been rising for 7 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: £371.18 (-4.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 9 days ago.)

2.10 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Merlin Entertainments Plc holds several positive signals and is within a strong 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.

Strong Buy Candidate Upgraded
Weaker Buy Today MERL.L ranks #148 as BUY CANDIDATE #148 Stronger Buy

Will MERL.L stock price go up or down on Thu, 20 Jun 2019?

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