Redcentric Plc Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Redcentric Plc in the last trading day. The price has fallen in 6 of the last 10 days and is down by -5.77% for this period.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the RCN.L stock was £70.20.
During day the stock fluctuated 0.00% from a day low at £70.20 to a day high of £70.20.
30 day high of the RCN.L stock price was £76.00 and low was £68.00.
90 day high was £84.90 and low was £52.00.
52 week high for the Redcentric Plc - £106.40 and low - £52.00.
Redcentric Plc 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 -12.60% during the next 3 months and, with 90% probability hold a price between £51.00 and £67.07 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday January 21, 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. Redcentric Plc 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 £72.21 and £73.31. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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
Redcentric Plc finds support from accumulated volume at £68.50.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 2.36%.
Redcentric Plc 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.
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Redcentric Plc 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.