PTEC.L Forecast and Technical Stock Analysis
Sell candidate since 2019-08-02 Loss -10.39%
PHOENIX TECHNOLOGIES LTD gained 1.04% in the last trading day ( Thursday, 22nd Aug 2019 ), rising from £3.84 to £3.88 During the day the stock fluctuated 4.55% from a day low at £3.74 to a day high of £3.91. The price has fallen in 6 of the last 10 days and is down by -5.6% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.31 million more shares were traded than the day before. In total, 1.58 million shares bought and sold for approximately £6.12 million.
- 30 day high of the PTEC.L stock price was £4.60 and low was £3.66.
- 90 day high was £4.62 and low was £3.66.
- 52 week high for PHOENIX TECHNOLOGIES LTD - £534.80 and low - £3.57.
PHOENIX TECHNOLOGIES LTD is at the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at £3.73 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect PHOENIX TECHNOLOGIES LTD with a 90% probability to be traded between £3.72 and £4.55 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Friday August 16, 2019, which indicates further gains until a new top pivot has been found. 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 a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £4.26. On a fall, the stock will find some support from the short-term average at £3.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 25 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
PHOENIX TECHNOLOGIES LTD finds support from accumulated volume at £3.85.
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 £0.17 between high and low, or 4.55%. For the last week, the stock has had a daily average volatility of 4.04%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.04 %Average volatility
Very Low Low Medium High Very High
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!