N4 Pharma Plc Forecast and Stock Analysis
Technical N4P.L stock analysis for Monday June 17, 2019.
N4 Pharma Plc gained 9.38% in the last trading day ( Monday, 17th Jun 2019 ), rising from £3.20 to £3.50 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 14.06% from a day low at £3.20 to a day high of £3.65. The price has risen in 5 of the last 10 days and is up by 16.67% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.47 million more shares were traded than the day before. In total, 2.06 million shares bought and sold for approximately £7.21 million.
- 30 day high of the N4P.L stock price was £3.65 and low was £2.90.
- 90 day high was £8.50 and low was £2.90.
- 52 week high for the N4 Pharma Plc - £28.50 and low - £0.10.
N4 Pharma Plc lies in the middle of a very wide and 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 -50.76% during the next 3 months and, with 90% probability hold a price between £0.34 and £2.22 at the end of this period.
Only positive signals in the chart today. N4 Pharma 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 £3.12 and £3.47. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday June 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
N4 Pharma Plc finds support from accumulated volume at £3.40.
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 £0.45 between high and low, or 14.06%. For the last week, the stock has had a daily average volatility of 6.26%.
Our recommended stoploss: £3.33 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
6.26 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, 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.
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