Ncondezi Energy Limited Forecast and Stock Analysis
Technical NCCL.L stock analysis for Friday May 17, 2019.
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.
- 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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Ncondezi Energy Limited finds support from accumulated volume at £6.65.
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
Very Low Low Medium High Very High
The Ncondezi Energy Limited stock holds several negative signals and despite the positive trend we believe Ncondezi Energy Limited will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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