Marshalls Group Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Marshalls Group in the last trading day. The price has fallen in 5 of the last 10 days , but is still up by 2.3% over the past 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the MSLH.L stock was £497.20.
During day the stock fluctuated 0.00% from a day low at £497.20 to a day high of £497.20.
30 day high of the MSLH.L stock price was £513.50 and low was £457.80.
90 day high was £513.50 and low was £411.40.
52 week high for the Marshalls Group - £513.50 and low - £380.40.
Marshalls Group lies in the middle of a wide and strong 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 15.61% during the next 3 months and, with 90% probability hold a price between £516.90 and £593.31 at the end of this period.
Marshalls Group 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 £500.73. On a fall, the stock will find some support from the long-term average at approximately £464.90. 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 January 21, 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 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.
Relative Strength Index (RSI)
The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £462.00 and £453.80.
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, Marshalls Group finds support just below today's level at £462.00. If this is broken, then the next support from accumulated volume will be at £453.80 and £442.60.
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 2.03%.
Our recommended stoploss: £469.85 (-5.50%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 75 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)
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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.