Blue Prism Group Plc Forecast and Stock Analysis
Technical PRSM.L stock analysis for Friday May 17, 2019.
Blue Prism Group Plc fell by -2.60% in the last day ( Friday, 17th May 2019 ) from £1 848.00 to £1 800.00 and has now fallen 3 days in a row. During day the stock fluctuated 5.05% from a day low at £1 761.00 to a day high of £1 850.00. The price has fallen in 7 of the last 10 days and is down by -4.26% for this period. Volume has increased in the last day by 147 155 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, 251 479 shares bought and sold for approximately £452.66 million.
- 30 day high of the PRSM.L stock price was £2 030.00 and low was £1 578.00.
- 90 day high was £2 030.00 and low was £1 162.00.
- 52 week high for the Blue Prism Group Plc - £2 635.00 and low - £1 002.00.
Blue Prism Group Plc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £1 753.52 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 30.88% during the next 3 months and, with 90% probability hold a price between £2 295.00 and £2 809.64 at the end of this period.
Blue Prism Group 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 £1 780.43 and £1 720.00. 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 Wednesday May 15, 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.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
Blue Prism Group Plc finds support from accumulated volume at £1 714.00.
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 £89.00 between high and low, or 5.05%. For the last week, the stock has had a daily average volatility of 4.30%.
Our recommended stoploss: £1 705.52 (-5.25%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)
4.30 %Average volatility
Very Low Low Medium High Very High
Blue Prism Group 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.
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