Marshalls Group Forecast and Stock Analysis
Technical MSLH.L stock analysis for Wednesday June 19, 2019.
Marshalls Group gained 0.38% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £654.50 to £657.00 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.31% from a day low at £649.00 to a day high of £657.50. The price has risen in 6 of the last 10 days and is up by 1.94% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 154 545 more shares were traded than the day before. In total, 505 260 shares bought and sold for approximately £331.96 million.
- 30 day high of the MSLH.L stock price was £673.50 and low was £624.50.
- 90 day high was £674.50 and low was £589.00.
- 52 week high for the Marshalls Group - £674.50 and low - £4.87.
Marshalls Group lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.93% during the next 3 months and, with 90% probability hold a price between £683.51 and £730.88 at the end of this period.
Only positive signals in the chart today. Marshalls Group holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £648.00 and £649.27. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Marshalls Group finds support from accumulated volume at £630.50.
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 £8.50 (1.31%) between high and low. For the last week, the stock has had a daily average volatility of 1.89%.
Our recommended stoploss: £621.47 (-5.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 12 days ago.)
1.89 %Average volatility
Very Low Low Medium High Very High
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.
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