PowerHouse Energy Group Plc Forecast and Stock Analysis
Technical PHE.L stock analysis for March 22, 2019.
No changes to the price of PowerHouse Energy Group Plc in the last trading day. The price has fallen in 6 of the last 10 days and is down by -21.55% for this period.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the PHE.L stock was £0.46.
During day the stock fluctuated 0.00% from a day low at £0.46 to a day high of £0.46.
30 day high of the PHE.L stock price was £0.61 and low was £0.44.
90 day high was £0.65 and low was £0.37.
52 week high for the PowerHouse Energy Group Plc - £0.71 and low - £0.28.
PowerHouse Energy Group Plc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.57% during the next 3 months and, with 90% probability hold a price between £0.31 and £0.51 at the end of this period.
There are mixed signals in the stock today. PowerHouse Energy Group Plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £0.48 and £0.46. A break-up above any of these levels will issue buy signals. 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". A buy signal was issued from a pivot bottom point on Wednesday March 20, 2019, which indicates further gains until a new top pivot has been found.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
PowerHouse Energy Group Plc finds support from accumulated volume at £0.45.
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 2.84%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
PowerHouse Energy Group Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.