Weaker Buy Today PHTM.L ranks #2177 as BUY CANDIDATE. Stronger Buy
Today PHTM.L ranks #2177 as BUY CANDIDATE.

PHTM.L stock Photo-Me International plc

PHTM.L stock
Photo-Me International plc

March 15, 2019
Change 0.11%
Chart period: 2018-12-17 - 2019-03-15
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will PHTM.L stock price go up or down on Tue, 19 Mar 2019?

Photo-Me International plc Forecast and Stock Analysis

Technical PHTM.L stock analysis for March 15, 2019.

Buy candidate since 2019-03-14 Gain 0.11%

Photo-Me International plc gained 0.11% in the last trading day, rising from £89.90 to £90.00 , 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. The price has fallen in 6 of the last 10 days and is down by -4.26% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 29 794 more shares were traded than the day before. In total, 248 204 shares bought and sold for approximately £22.34 million.

Close price at the end of the last trading day (Friday, 15th Mar 2019) of the PHTM.L stock was £90.00. This is 0.11% more than the trading day before Thursday, 14th Mar 2019.

During day the stock fluctuated 2.97% from a day low at £87.40 to a day high of £90.00.

30 day high of the PHTM.L stock price was £95.70 and low was £85.00.
90 day high was £99.40 and low was £83.80.
52 week high for the Photo-Me International plc - £179.80 and low - £81.00.

Trend

Photo-Me International plc lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £87.28 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.48% during the next 3 months and, with 90% probability hold a price between £89.44 and £103.77 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Wednesday March 13, 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. Photo-Me International plc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £92.41. On a fall, the stock will find some support from the short-term average at £88.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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A buy signal from a double bottom formation was found on Wednesday March 13, 2019 with a target of £88.47. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 46 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Photo-Me International plc finds support from accumulated volume at £88.00.

Support: £88.00 Price: £90.00 Resistance: £91.00

Risk

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 £2.60 (2.97%) between high and low. For the last week, the stock has had a daily average volatility of 3.48%.

Our recommended stoploss: £85.30 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Weaker Buy Today PHTM.L ranks #2177 as BUY CANDIDATE. Stronger Buy
Today PHTM.L ranks #2177 as BUY CANDIDATE.