MERL.L Forecast and Technical Stock Analysis
Buy candidate since 2019-07-29 Gain 0.44%
Merlin Entertainments Plc gained 0.22% in the last trading day ( Friday, 16th Aug 2019 ), rising from £4.51 to £4.52 During the day the stock fluctuated 0.67% from a day low at £4.51 to a day high of £4.54. The price has risen in 4 of the last 10 days and is up by 0.44% over the past 2 weeks. Volume fell in the last day by -1.31 million shares and in total, 1.35 million shares bought and sold for approximately £6.09 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the MERL.L stock price was £4.55 and low was £4.48.
- 90 day high was £4.55 and low was £3.28.
- 52 week high for Merlin Entertainments Plc - £380.90 and low - £3.04.
Merlin Entertainments Plc lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £4.46 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 32.27% during the next 3 months and, with 90% probability hold a price between £5.91 and £6.45 at the end of this period.
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 £4.51 and £4.50. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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. A sales signal was issued from a pivot top point on Thursday August 01, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 60 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
Merlin Entertainments Plc finds support from accumulated volume at £4.51.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.03 (0.67%) between high and low. For the last week, the stock has had daily average volatility of 0.49%.
Our recommended stop-loss: £4.37 (-3.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 11 day(s) ago.)
0.49 %Average volatility
Very Low Low Medium High Very High
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!