Weaker Buy Today POLY.L ranks #463 as BUY CANDIDATE #463 Stronger Buy

POLY.L stock forecast PLANET POLYMER TECHNOLOGIES INC

POLY.L stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

POLY.L Forecast and Technical Stock Analysis

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Buy candidate since 2019-08-19

PLANET POLYMER TECHNOLOGIES INC fell by -0.46% in the last day ( Monday, 19th Aug 2019 ) from £10.84 to £10.79 and has now fallen 3 days in a row. During the day the stock fluctuated 1.39% from a day low at £10.76 to a day high of £10.91. The price has risen in 7 of the last 10 days and is up by 7.9% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.46 million shares and in total 1.13 million shares bought and sold for approximately £12.24 million.

Quick summary:

  • 30 day high of the POLY.L stock price was £10.97 and low was £9.65.
  • 90 day high was £10.97 and low was £8.15.
  • 52 week high for PLANET POLYMER TECHNOLOGIES INC - £874.00 and low - £5.94.
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Trend

PLANET POLYMER TECHNOLOGIES INC lies in the middle of a 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 27.72% during the next 3 months and, with 90% probability hold a price between £13.09 and £14.66 at the end of this period.

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Signals

PLANET POLYMER TECHNOLOGIES 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 £10.74 and £10.16. 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 Thursday August 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 85 ]

RSI14 is 76 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 £10.01 and £9.66.

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, PLANET POLYMER TECHNOLOGIES INC finds support just below today's level at £10.01. If this is broken, then the next support from accumulated volume will be at £9.66 and £9.00.

Support: £10.01 Price: £10.79 Resistance: £10.84

Risk

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 £0.15 (1.39%) between high and low. For the last week, the stock has had daily average volatility of 2.49%.

Our recommended stop-loss: £10.35 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 day(s) ago.)

2.49 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today POLY.L ranks #463 as BUY CANDIDATE #463 Stronger Buy

Will POLY.L stock price go up or down on Wed, 21 Aug 2019?

Golden Star Signal

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