Mosman Oil and Gas Limited Forecast and Stock Analysis
Technical MSMN.L stock analysis for February 15, 2019.
No changes to the price of Mosman Oil and Gas Limited in the last trading day. The price has been going up and down for this period, and there has been a 5.77% gain for the last 2 weeks.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the MSMN.L stock was £0.28.
During day the stock fluctuated 0.00% from a day low at £0.28 to a day high of £0.28.
30 day high of the MSMN.L stock price was £0.30 and low was £0.24.
90 day high was £0.30 and low was £0.22.
52 week high for the Mosman Oil and Gas Limited - £1.18 and low - £0.22.
Mosman Oil and Gas Limited lies in the middle of a wide and 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 7.03% during the next 3 months and, with 90% probability hold a price between £0.27 and £0.32 at the end of this period.
Mosman Oil and Gas Limited 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 £0.27 and £0.26. 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 Thursday February 14, 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".
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £0.26 and £0.25.
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, Mosman Oil and Gas Limited finds support just below today's level at £0.26. If this is broken, then the next support from accumulated volume will be at £0.25 and £0.24.
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 1.57%.
Our recommended stoploss: £0.26 (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.