PLUS.L Forecast and Technical Stock Analysis
Buy candidate since 2019-08-29 Gain 11.49% PDF
ePlus Inc gained 0.93% in the last trading day ( Friday, 13th Sep 2019 ), rising from ₪7.50 to ₪7.57 , and has now gained 4 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 2.68% from a day low at ₪7.45 to a day high of ₪7.65. The price has risen in 6 of the last 10 days and is up by 11% over the past 2 weeks. Volume fell in the last day by -278 511 shares and in total, 529 870 shares bought and sold for approximately ₪4.01 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 PLUS.L stock price was ₪7.65 and low was ₪6.55.
- 90 day high was ₪7.65 and low was ₪5.07.
- 52 week high for ePlus Inc - ₪1 541.00 and low - ₪3.97.
ePlus Inc lies in the middle of a very wide and strong 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 25.73% during the next 3 months and, with 90% probability hold a price between ₪7.93 and ₪9.93 at the end of this period.
Only positive signals in the chart today. ePlus Inc 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 ₪7.24 and ₪6.73. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday September 03, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 61 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
On the downside, the stock finds support just below today's level from accumulated volume at ₪7.14 and ₪7.06.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ePlus Inc finds support just below today's level at ₪7.14. If this is broken, then the next support from accumulated volume will be at ₪7.06 and ₪6.90.
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 ₪0.20 (2.68%) between high and low. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: ₪7.30 (-3.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)
3.21 %Average volatility
Very Low Low Medium High Very High
ePlus Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
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!