Photo-Me International plc Forecast and Stock Analysis
Technical PHTM.L stock analysis for March 15, 2019.
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Photo-Me International plc finds support from accumulated volume at £88.00.
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.)
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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.