Merlin Entertainments Plc Forecast and Stock Analysis
Technical MERL.L stock analysis for Wednesday June 19, 2019.
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.
- 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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
Merlin Entertainments Plc finds support from accumulated volume at £380.00.
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
Very Low Low Medium High Very High
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.
|Golden Star Signal|
Get competitive edge
The 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 a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us