Stronger Sell Today PTEC.L ranks #4635 as SELL CANDIDATE. Weaker Sell
Today PTEC.L ranks #4635 as SELL CANDIDATE.

PTEC.L stock PHOENIX TECHNOLOGIES LTD

PTEC.L stock
PHOENIX TECHNOLOGIES LTD

February 15, 2019
Change 0.95%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will PTEC.L stock price go up or down on Mon, 18 Feb 2019?

PHOENIX TECHNOLOGIES LTD Forecast and Stock Analysis

Technical PTEC.L stock analysis for February 15, 2019.

Sell candidate since 2019-02-07 Loss -3.21%

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.

Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Tuesday February 12, 2019 and based on theory for this formation the price should go up by 49.06% to £428.36 within 11 trading days since signal was issued (Wednesday February 27, 2019).

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

PHOENIX TECHNOLOGIES LTD finds support from accumulated volume at £379.50.

Support: £379.50 Price: £382.80 Resistance: £385.00

Risk

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.

Overall risk:

Very Low Low Medium High Very High

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.

Stronger Sell Today PTEC.L ranks #4635 as SELL CANDIDATE. Weaker Sell
Today PTEC.L ranks #4635 as SELL CANDIDATE.