PHOENIX TECHNOLOGIES LTD Forecast and Stock Analysis
Technical PTEC.L stock analysis for February 15, 2019.
PHOENIX TECHNOLOGIES LTD gained 0.95% in the last trading day, rising from £379.20 to £382.80 The price has fallen in 6 of the last 10 days and is down by -3.11% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.14 million more shares were traded than the day before. In total, 1.31 million shares bought and sold for approximately £502.06 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PTEC.L stock was £382.80. This is 0.95% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.26% from a day low at £376.20 to a day high of £384.70.
30 day high of the PTEC.L stock price was £425.80 and low was £361.40.
90 day high was £469.60 and low was £357.10.
52 week high for the PHOENIX TECHNOLOGIES LTD - £840.80 and low - £357.10.
PHOENIX TECHNOLOGIES LTD lies in the middle of a 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 -11.78% during the next 3 months and, with 90% probability hold a price between £297.99 and £362.32 at the end of this period.
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. PHOENIX TECHNOLOGIES LTD 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 £383.37 and £396.75. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
PHOENIX TECHNOLOGIES LTD finds support from accumulated volume at £379.50.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £8.50 (2.26%) between high and low. For the last week, the stock has had a daily average volatility of 3.79%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
PHOENIX TECHNOLOGIES LTD holds several negative signals and is within a 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.