Weaker Buy Today MERL.L ranks #709 as BUY CANDIDATE #709 Stronger Buy

MERL.L stock forecast Merlin Entertainments Plc

MERL.L stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

MERL.L Forecast and Technical Stock Analysis

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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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

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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.

Support: £4.51 Price: £4.52

Risk

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

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

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.

Weaker Buy Today MERL.L ranks #709 as BUY CANDIDATE #709 Stronger Buy

Will MERL.L stock price go up or down on Mon, 19 Aug 2019?

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