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Stronger Sell Today NESF.L ranks #3570 as SELL CANDIDATE #3570 Weaker Sell

NESF.L stock forecast NextEnergy Solar Fund Limited

NESF.L stock forecast

Monday June 24, 2019 Change -0.84% Price £118.50
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will NESF.L stock price go up or down on Wed, 26 Jun 2019?

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NextEnergy Solar Fund Limited Forecast and Stock Analysis

Technical NESF.L stock analysis for Monday June 24, 2019.

Sell candidate since 2019-06-19 Loss -2.07%


NextEnergy Solar Fund Limited fell by -0.84% in the last day ( Monday, 24th Jun 2019 ) from £119.50 to £118.50 and has now fallen 5 days in a row. During day the stock fluctuated 0.85% from a day low at £118.00 to a day high of £119.00. The price has been going up and down for this period, and there has been a 1.28% gain for the last 2 weeks. 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 -720 530 shares and in total 444 237 shares bought and sold for approximately £52.64 million.

Quick summary:

  • 30 day high of the NESF.L stock price was £123.00 and low was £113.50.
  • 90 day high was £125.00 and low was £1.18.
  • 52 week high for the NextEnergy Solar Fund Limited - £125.00 and low - £1.18.

Trend

NextEnergy Solar Fund 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 £122.00 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 -11.16% during the next 3 months and, with 90% probability hold a price between £-3.86 and £108.38 at the end of this period.

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Signals

NextEnergy Solar Fund Limited holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £120.14. On a fall, the stock will find some support from the long-term average at approximately £97.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

NextEnergy Solar Fund Limited finds support from accumulated volume at £117.50.

Support: £117.50 Price: £118.50 Resistance: £119.00

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 £1.00 (0.85%) between high and low. For the last week, the stock has had a daily average volatility of 2.10%.

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

2.10 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today NESF.L ranks #3570 as SELL CANDIDATE #3570 Weaker Sell

Will NESF.L stock price go up or down on Wed, 26 Jun 2019?

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