Weaker Buy Today MRCH.L ranks #1141 as BUY CANDIDATE. Stronger Buy
Today MRCH.L ranks #1141 as BUY CANDIDATE.

MRCH.L stock MARCHFIRST INC

MRCH.L stock
MARCHFIRST INC

April 24, 2019
Change -0.80%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will MRCH.L stock price go up or down on Fri, 26 Apr 2019?

MARCHFIRST INC Forecast and Stock Analysis

Technical MRCH.L stock analysis for April 24, 2019.

Buy candidate since 2019-04-16 Loss -0.85%

MARCHFIRST INC fell by -0.80% in the last day from £500.00 to £496.00 The price has fallen in 5 of the last 10 days and is down by -1.59% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -117 230 shares and in total 237 170 shares bought and sold for approximately £117.64 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the MRCH.L stock was £496.00. This is 0.8% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 2.23% from a day low at £493.00 to a day high of £504.00.

30 day high of the MRCH.L stock price was £509.00 and low was £480.00.
90 day high was £509.00 and low was £463.00.
52 week high for the MARCHFIRST INC - £542.00 and low - £431.00.

Trend

MARCHFIRST INC lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £494.99 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.98% during the next 3 months and, with 90% probability hold a price between £529.54 and £549.23 at the end of this period.

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Signals

MARCHFIRST INC 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 £497.32. On a fall, the stock will find some support from the long-term average at approximately £493.36. 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. A buy signal was issued from a pivot bottom point on Monday April 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

MARCHFIRST INC finds support from accumulated volume at £495.75.

Support: £495.75 Price: £496.00 Resistance: £498.00

Risk

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 £11.00 (2.23%) between high and low. For the last week, the stock has had a daily average volatility of 1.34%.

Our recommended stoploss: £466.28 (-5.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Weaker Buy Today MRCH.L ranks #1141 as BUY CANDIDATE. Stronger Buy
Today MRCH.L ranks #1141 as BUY CANDIDATE.