Today NCCL.L ranks # as HOLD CANDIDATE.
Today NCCL.L ranks # as HOLD CANDIDATE.

NCCL.L stock Ncondezi Energy Limited

NCCL.L stock
Ncondezi Energy Limited

22 January 2019
Change 0.00%
Chart period: 2018-10-23 - 2019-01-22




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Ncondezi Energy Limited Stock Analysis

Technical stock analysis for 22 January 2019

Hold candidate since 2019-01-21

No changes to the price of Ncondezi Energy Limited in the last trading day. The price has fallen in 4 of the last 10 days and is down by -3.15% for this period.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the NCCL.L stock was £6.15.

During day the stock fluctuated 0.00% from a day low at £6.15 to a day high of £6.15.

30 day high of the NCCL.L stock price was £6.90 and low was £4.90.
90 day high was £8.10 and low was £4.55.
52 week high for the Ncondezi Energy Limited - £10.13 and low - £3.93.


Ncondezi Energy Limited lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £6.49 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.35% during the next 3 months and, with 90% probability hold a price between £3.64 and £5.69 at the end of this period.

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Ncondezi Energy Limited 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 £6.14 and £5.59. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 21, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 55 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 £5.75 and £5.45.

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, Ncondezi Energy Limited finds support just below today's level at £5.75. If this is broken, then the next support from accumulated volume will be at £5.45 and £5.20.

Support: £5.75 Price: £6.15 Resistance: £6.30


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 0.00%. For the last week the stock has had a daily average volatility of 5.96%.

Our recommended stoploss: £5.79 (-5.90%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High


Ncondezi Energy Limited holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Today NCCL.L ranks # as HOLD CANDIDATE.
Today NCCL.L ranks # as HOLD CANDIDATE.