Mid Wynd International Investment Trust plc Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Mid Wynd International Investment Trust plc in the last trading day. The price has been going up and down for this period, and there has been a 3.21% gain for the last 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the MWY.L stock was £483.00.
During day the stock fluctuated 0.00% from a day low at £483.00 to a day high of £483.00.
30 day high of the MWY.L stock price was £483.00 and low was £460.00.
90 day high was £501.50 and low was £454.00.
52 week high for the Mid Wynd International Investment Trust plc - £545.00 and low - £454.00.
Mid Wynd International Investment Trust plc lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.05% during the next 3 months and, with 90% probability hold a price between £440.15 and £478.68 at the end of this period.
Mid Wynd International Investment Trust plc 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 £472.43 and £475.13. 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 Monday January 21, 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". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock holds a RSI14 at 74 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
Mid Wynd International Investment Trust plc finds support from accumulated volume at £480.00.
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 0.51%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Mid Wynd International Investment Trust plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.