Weaker Buy Today MWY.L ranks #1776 as BUY CANDIDATE #1776 Stronger Buy

Mid Wynd International Investment Trust plc stock forecast

MWY.L stock forecast

Wednesday June 19, 2019 Change 0.00% Price £567.00
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will MWY.L stock price go up or down on Thu, 20 Jun 2019?

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Mid Wynd International Investment Trust plc Forecast and Stock Analysis

Technical MWY.L stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-18


No changes to the price of Mid Wynd International Investment Trust plc in the last trading day ( Wednesday, 19th Jun 2019 ). During day the stock fluctuated 0.35% from a day low at £568.00 to a day high of £570.00. The price has risen in 6 of the last 10 days and is up by 6.78% over the past 2 weeks.

Quick summary:

  • 30 day high of the MWY.L stock price was £570.00 and low was £5.22.
  • 90 day high was £570.00 and low was £5.22.
  • 52 week high for the Mid Wynd International Investment Trust plc - £570.00 and low - £5.22.

Trend

Mid Wynd International Investment Trust plc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is £565.96, a level that may pose a second chance to hit a runner. According to fan-theory £1 149.40 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Mid Wynd International Investment Trust plc 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 £555.00 and £476.98. 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 Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.

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Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £538.00 and £535.00.

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, Mid Wynd International Investment Trust plc finds support just below today's level at £538.00. If this is broken, then the next support from accumulated volume will be at £535.00 and £531.00.

Support: £538.00 Price: £567.00

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 £2.00 between high and low, or 0.35%. For the last week, the stock has had a daily average volatility of 0.86%.

Our recommended stoploss: £544.55 (-3.96%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)

0.86 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Buy Candidate Downgraded
Weaker Buy Today MWY.L ranks #1776 as BUY CANDIDATE #1776 Stronger Buy

Will MWY.L stock price go up or down on Thu, 20 Jun 2019?

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