Nostra Terra Oil&Gas Co Plc Forecast and Stock Analysis
Technical NTOG.L stock analysis for March 22, 2019.
Nostra Terra Oil&Gas Co Plc gained 3.16% in the last trading day, rising from £2.38 to £2.45 The price has been going up and down for this period, and there has been a -7.55% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 426 827 more shares were traded than the day before. In total, 655 208 shares bought and sold for approximately £1.61 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the NTOG.L stock was £2.45. This is 3.16% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 3.16% from a day low at £2.38 to a day high of £2.45.
30 day high of the NTOG.L stock price was £2.85 and low was £2.38.
90 day high was £3.10 and low was £2.05.
52 week high for the Nostra Terra Oil&Gas Co Plc - £5.50 and low - £2.05.
Given the current horizontal trend you can expect Nostra Terra Oil&Gas Co Plc with 90% probability to be traded between £2.34 and £2.83 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Nostra Terra Oil&Gas Co Plc 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 £2.50 and £2.57. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Nostra Terra Oil&Gas Co Plc finds support from accumulated volume at £2.40.
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 £0.08 (3.16%) between high and low. For the last week, the stock has had a daily average volatility of 3.36%.
Nostra Terra Oil&Gas Co Plc is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: £2.31 (-5.63%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 28 which reduces the risk some. There is a buy signal from pivot bottom found 1 days ago.)
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Nostra Terra Oil&Gas Co Plc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.