PHNX.L Forecast and Technical Stock Analysis
Sell candidate since 2019-08-19
Phoenix Group Holdings gained 2.29% in the last trading day ( Monday, 19th Aug 2019 ), rising from £6.56 to £6.71 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.97% from a day low at £6.61 to a day high of £6.74. The price has risen in 6 of the last 10 days and is up by 2.44% over the past 2 weeks. Volume fell in the last day by -0.18 million shares and in total, 1.25 million shares bought and sold for approximately £8.40 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the PHNX.L stock price was £7.24 and low was £6.38.
- 90 day high was £7.25 and low was £6.38.
- 52 week high for Phoenix Group Holdings - £715.00 and low - £5.37.
Phoenix Group Holdings is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Phoenix Group Holdings with a 90% probability to be traded between £6.50 and £7.36 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 August 15, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Phoenix Group Holdings 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 £6.74 and £6.99. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 41 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Phoenix Group Holdings finds support from accumulated volume at £6.56.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.13 (1.97%) between high and low. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.52 %Average volatility
Very Low Low Medium High Very High
Phoenix Group Holdings holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!