Today MGNS.L ranks # as HOLD CANDIDATE.
Today MGNS.L ranks # as HOLD CANDIDATE.

MGNS.L stock Morgan Sindall Group plc

MGNS.L stock
Morgan Sindall Group plc

22 January 2019
Change 0.00%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
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Morgan Sindall Group plc Stock Analysis

Technical stock analysis for 22 January 2019

Hold candidate since 2019-01-22

No changes to the price of Morgan Sindall Group plc in the last trading day. The price has been going up and down for this period, and there has been a 3.51% gain for the last 2 weeks.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the MGNS.L stock was £1 122.00.

During day the stock fluctuated 0.00% from a day low at £1 122.00 to a day high of £1 122.00.

30 day high of the MGNS.L stock price was £1 160.00 and low was £1 000.00.
90 day high was £1 336.00 and low was £1 000.00.
52 week high for the Morgan Sindall Group plc - £1 554.00 and low - £1 000.00.

Trend

Morgan Sindall Group plc lies the upper part of a wide and falling 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 £1 148.60 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.68% during the next 3 months and, with 90% probability hold a price between £793.75 and £957.01 at the end of this period.

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Signals

Morgan Sindall Group 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 £1 086.86 and £1 082.97. A break down below any of these levels will issue sell signals. 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 Monday January 21, 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.

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Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £1 052.00 and £1 046.00.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Morgan Sindall Group plc finds support just below today's level at £1 052.00. If this is broken, then the next support from accumulated volume will be at £1 046.00 and £1 030.00.

Support: £1 052.00 Price: £1 122.00 Resistance: £1 184.00

Risk

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 4.42%.

Our recommended stoploss: £1.00 (-3.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Morgan Sindall Group plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Today MGNS.L ranks # as HOLD CANDIDATE.
Today MGNS.L ranks # as HOLD CANDIDATE.