Previous Hold Today PHTM.L ranks #2307 as HOLD CANDIDATE #2307 Next Hold

PHTM.L stock forecast Photo-Me International plc

PHTM.L stock forecast

Wednesday May 22, 2019 Change -0.85% Price £93.00
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will PHTM.L stock price go up or down on Thu, 23 May 2019?

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Photo-Me International plc Forecast and Stock Analysis

Technical PHTM.L stock analysis for Wednesday May 22, 2019.

Hold candidate since 2019-05-22


Photo-Me International plc fell by -0.85% in the last day ( Wednesday, 22nd May 2019 ) from £93.80 to £93.00 During day the stock fluctuated 2.75% from a day low at £90.90 to a day high of £93.40. The price has fallen in 5 of the last 10 days . Volume has increased in the last day by 192 803 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, 357 020 shares bought and sold for approximately £33.20 million.

Quick summary:

  • 30 day high of the PHTM.L stock price was £94.00 and low was £83.00.
  • 90 day high was £95.30 and low was £75.00.
  • 52 week high for the Photo-Me International plc - £155.60 and low - £75.00.

Trend

Photo-Me International plc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.19% during the next 3 months and, with 90% probability hold a price between £81.67 and £101.31 at the end of this period.

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Signals

Photo-Me International plc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £92.21 and £87.89. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A buy signal from a double bottom formation was found on Tuesday May 14, 2019 and based on theory for this formation the price should go up by 2.56% to £93.26 within 7 trading days since signal was issued (Thursday May 23, 2019).

Relative Strength Index (RSI)

RSI14 is 54 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 £92.80.

Support: £92.80 Price: £93.00 Resistance: £93.40

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 £2.50 (2.75%) between high and low. For the last week, the stock has had a daily average volatility of 2.29%.

Our recommended stoploss: £89.76 (-3.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

2.29 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Photo-Me International plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today PHTM.L ranks #2307 as HOLD CANDIDATE #2307 Next Hold

Will PHTM.L stock price go up or down
on Thu, 23 May 2019?

Predict

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