PREMIER COMMUNITY BANKSHARES INC Forecast and Stock Analysis
Technical PREM.L stock analysis for February 15, 2019.
PREMIER COMMUNITY BANKSHARES INC gained 10.53% in the last trading day, rising from £0.10 to £0.11 The price has risen in 4 of the last 10 days and is up by 5% over the past 2 weeks. Volume fell in the last day by -8.63 million shares, and in total, 80.93 million shares bought and sold for approximately £8.50 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PREM.L stock was £0.11. This is 10.53% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 15.79% from a day low at £0.10 to a day high of £0.11.
30 day high of the PREM.L stock price was £0.13 and low was £0.08.
90 day high was £0.15 and low was £0.08.
52 week high for the PREMIER COMMUNITY BANKSHARES INC - £0.28 and low - £0.08.
PREMIER COMMUNITY BANKSHARES INC lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.66% during the next 3 months and, with 90% probability hold a price between £0.06 and £0.09 at the end of this period.
Only positive signals in the chart today. PREMIER COMMUNITY BANKSHARES 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 £0.11 and £0.10. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 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 may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
PREMIER COMMUNITY BANKSHARES INC finds support from accumulated volume at £0.10.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.02 between high and low, or 15.79%. For the last week, the stock has had a daily average volatility of 12.85%.
Our recommended stoploss: £0.10 (-4.68%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, 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 Strong Sell Candidate to a Buy Candidate.