Stronger Sell Today NCCL.L ranks #3995 as SELL CANDIDATE #3995 Weaker Sell

NCCL.L stock forecast Ncondezi Energy Limited

NCCL.L stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will NCCL.L stock price go up or down on Mon, 20 May 2019?

Predict

Ncondezi Energy Limited Forecast and Stock Analysis

Technical NCCL.L stock analysis for Friday May 17, 2019.

Sell candidate since 2019-05-15


No changes to the price of Ncondezi Energy Limited in the last trading day ( Friday, 17th May 2019 ). During day the stock fluctuated 2.96% from a day low at £6.75 to a day high of £6.95. The price has fallen in 4 of the last 10 days and is down by -0.14% for this period.

Quick summary:

  • 30 day high of the NCCL.L stock price was £7.20 and low was £6.25.
  • 90 day high was £9.20 and low was £4.55.
  • 52 week high for the Ncondezi Energy Limited - £10.13 and low - £4.55.

Trend

Ncondezi Energy Limited lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £6.35 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.34% during the next 3 months and, with 90% probability hold a price between £7.77 and £12.11 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Ncondezi Energy Limited holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £7.02. On a fall, the stock will find some support from the short-term average at £6.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday May 16, 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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A buy signal from a double bottom formation was found on Monday May 13, 2019 with a target of £6.90. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ncondezi Energy Limited finds support from accumulated volume at £6.65.

Support: £6.65 Price: £6.95 Resistance: £7.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.20 (2.96%) between high and low. For the last week, the stock has had a daily average volatility of 4.21%.

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

4.21 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today NCCL.L ranks #3995 as SELL CANDIDATE #3995 Weaker Sell

Will NCCL.L stock price go up or down
on Mon, 20 May 2019?

Predict

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