NCCL.L Forecast and Technical Stock Analysis
Sell candidate since 2019-08-14 Loss -8.40%
Ncondezi Energy Limited fell by -4.00% in the last day ( Monday, 19th Aug 2019 ) from £0.06 to £0.06 and has now fallen 5 days in a row. During the day the stock fluctuated 5.44% from a day low at £0.06 to a day high of £0.06. The price has fallen in 6 of the last 10 days and is down by -3.23% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -967 495 shares and in total 741 511 shares bought and sold for approximately £44 490.70.
- 30 day high of the NCCL.L stock price was £0.10 and low was £0.06.
- 90 day high was £0.10 and low was £0.06.
- 52 week high for Ncondezi Energy Limited - £6.65 and low - £0.05.
Ncondezi Energy Limited has broken the very wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately £0.06 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to none technical positive signals at the moment. Ncondezi Energy Limited 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 £0.06 and £0.07. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday August 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 36 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 5.44%. For the last week the stock has had a daily average volatility of 5.89%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
5.89 %Average volatility
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!