Stronger Sell Today MGNS.L ranks #4659 as SELL CANDIDATE #4659 Weaker Sell

MGNS.L stock forecast Morgan Sindall Group plc

MGNS.L stock forecast

VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

MGNS.L Forecast and Technical Stock Analysis

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Sell candidate since 2019-08-12 Loss -1.04%

Morgan Sindall Group plc gained 0.71% in the last trading day ( Friday, 16th Aug 2019 ), rising from £11.34 to £11.42 During the day the stock fluctuated 5.25% from a day low at £10.86 to a day high of £11.43. The price has fallen in 5 of the last 10 days , but is still up by 3.25% over the past 2 weeks. Volume fell in the last day by -11 446 shares and in total, 14 095 shares bought and sold for approximately £160 965.00. 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 MGNS.L stock price was £12.78 and low was £10.56.
  • 90 day high was £13.50 and low was £10.56.
  • 52 week high for Morgan Sindall Group plc - £1 476.00 and low - £10.00.
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Trend

Morgan Sindall Group plc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.38% during the next 3 months and, with 90% probability hold a price between £9.12 and £10.33 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Morgan Sindall Group plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £11.59 and £11.53. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 85 ]

RSI14 is 48 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

Morgan Sindall Group plc finds support from accumulated volume at £11.36.

Support: £11.36 Price: £11.42 Resistance: £11.54

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

5.18 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Morgan Sindall Group plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today MGNS.L ranks #4659 as SELL CANDIDATE #4659 Weaker Sell

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

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

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