POWERSHARES DWA CONSUMER STAPLES MOMENTUM PORTFOLIO Forecast and Stock Analysis
Technical PSL.L stock analysis for February 15, 2019.
No changes to the price of POWERSHARES DWA CONSUMER STAPLES MOMENTUM PORTFOLIO in the last trading day. The price has fallen in 4 of the last 10 days , but is still up by 5% over the past 2 weeks.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PSL.L stock was £0.01.
During day the stock fluctuated 10.53% from a day low at £0.01 to a day high of £0.01.
30 day high of the PSL.L stock price was £0.03 and low was £0.01.
90 day high was £0.07 and low was £0.01.
52 week high for the POWERSHARES DWA CONSUMER STAPLES MOMENTUM PORTFOLIO - £0.59 and low - £0.01.
POWERSHARES DWA CONSUMER STAPLES MOMENTUM PORTFOLIO 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 -64.06% during the next 3 months and, with 90% probability hold a price between £-0.00 and £0.01 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. POWERSHARES DWA CONSUMER STAPLES MOMENTUM PORTFOLIO holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £0.01 and £0.02. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 26 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
POWERSHARES DWA CONSUMER STAPLES MOMENTUM PORTFOLIO finds support from accumulated volume at £0.01.
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 £0.00 between high and low, or 10.53%. For the last week, the stock has had a daily average volatility of 12.42%.
POWERSHARES DWA CONSUMER STAPLES MOMENTUM PORTFOLIO is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
POWERSHARES DWA CONSUMER STAPLES MOMENTUM PORTFOLIO holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.