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


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.


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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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

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Support & Resistance

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

Support: £380.00 Price: £389.90


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


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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