Panthera Resources Plc Forecast and Stock Analysis
Technical PAT.L stock analysis for April 24, 2019.
Panthera Resources Plc fell by -2.63% in the last day from £9.50 to £9.25 The price has fallen in 6 of the last 10 days and is down by -24.49% for this period. Volume has increased in the last day by 70 032 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 78 052 shares bought and sold for approximately £721 981.00.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the PAT.L stock was £9.25. This is 2.63% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 2.70% from a day low at £9.25 to a day high of £9.50.
30 day high of the PAT.L stock price was £14.75 and low was £8.75.
90 day high was £14.75 and low was £2.00.
52 week high for the Panthera Resources Plc - £14.75 and low - £1.30.
Trend
Panthera Resources Plc has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £9.49. A reaction back to this level may hold a second chance to get out before further falls.
Signals
There are few to none technical positive signals at the moment. Panthera Resources 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 £10.11 and £10.65. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Panthera Resources Plc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 21 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
Panthera Resources Plc finds support from accumulated volume at £9.00.
Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.25 between high and low, or 2.70%. For the last week, the stock has had a daily average volatility of 7.71%.
Panthera Resources Plc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Overall risk:
Very Low Low Medium High Very High
Evaluation: Strong Sell Candidate
The Panthera Resources Plc stock holds several negative signals and despite the positive trend we believe Panthera Resources Plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
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