Merlin Entertainments Plc Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Merlin Entertainments Plc in the last trading day. The price has risen in 5 of the last 10 days , but is still down by -0.47% for this period.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the MERL.L stock was £339.10.
During day the stock fluctuated 0.00% from a day low at £339.10 to a day high of £339.10.
30 day high of the MERL.L stock price was £345.90 and low was £307.10.
90 day high was £352.10 and low was £304.50.
52 week high for the Merlin Entertainments Plc - £415.70 and low - £304.50.
Given the current horizontal trend you can expect Merlin Entertainments Plc with 90% probability to be traded between £313.02 and £360.33 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Merlin Entertainments Plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £339.40. On a fall, the stock will find some support from the long-term average at approximately £328.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
Merlin Entertainments Plc finds support from accumulated volume at £323.70.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.68%.
Our recommended stoploss: £325.65 (-3.97%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 days ago.)
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Several short-term signals 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 period.