Pioneer Floating Rate Forecast and Stock Analysis
Technical PHD.L stock analysis for March 22, 2019.
|Shorts||0.40% ( 2013-01-15 )|
Pioneer Floating Rate fell by -2.48% in the last day from £30.25 to £29.50 and has now fallen 3 days in a row. The price has fallen in 7 of the last 10 days and is down by -17.25% for this period. Volume has increased in the last day by 0.40 million 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, 1.31 million shares bought and sold for approximately £38.55 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the PHD.L stock was £29.50. This is 2.48% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 3.42% from a day low at £29.25 to a day high of £30.25.
30 day high of the PHD.L stock price was £117.50 and low was £29.25.
90 day high was £142.50 and low was £29.25.
52 week high for the Pioneer Floating Rate - £197.50 and low - £29.25.
Pioneer Floating Rate lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £23.18 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -61.50% during the next 3 months and, with 90% probability hold a price between £8.92 and £30.26 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday March 19, 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. Pioneer Floating Rate 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 £31.36 and £77.61. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 13 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
Support & Resistance
Pioneer Floating Rate finds support from accumulated volume at £29.25.
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 £1.00 between high and low, or 3.42%. For the last week, the stock has had a daily average volatility of 6.96%.
Pioneer Floating Rate is overbought on RSI14 (13). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Pioneer Floating Rate holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.