MGNS.L Forecast and Technical Stock Analysis
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.
- 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.
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.
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.
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.
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
Very Low Low Medium High Very High
Golden Star Signal
This unique 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 substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!