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MTC.L Forecast and Technical Stock Analysis

Sell candidate since 2019-06-28 Loss -8.49%

Mothercare plc fell by -5.13% in the last day ( Wednesday, 17th Jul 2019 ) from £0.20 to £0.19 During day the stock fluctuated 6.95% from a day low at £0.19 to a day high of £0.20. The price has fallen in 6 of the last 10 days and is down by -9.13% for this period. Volume has increased in the last day by 178 356 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 347 394 shares bought and sold for approximately £67 394.40.

Quick summary:

  • 30 day high of the MTC.L stock price was £0.25 and low was £0.19.
  • 90 day high was £0.25 and low was £0.19.
  • 52 week high for the Mothercare plc - £27.00 and low - £0.14.
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Trend

Mothercare plc has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £0.21. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

There are few to none technical positive signals at the moment. Mothercare plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £0.20 and £0.22. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday June 17, 2019, which indicates further falls until a new bottom pivot has been found. Mothercare plc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.

Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 85 ]

RSI14 is 15 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Mothercare plc finds support from accumulated volume at £0.19.

Support: £0.19 Price: £0.19 Resistance: £0.20

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.01 between high and low, or 6.95%. For the last week, the stock has had a daily average volatility of 3.11%.

Mothercare plc is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

3.11 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

The Mothercare plc stock holds several negative signals and despite the positive trend we believe Mothercare plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Will MTC.L stock price go up or down on Fri, 19 Jul 2019?

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