Real Estate Credit Investments Limited Forecast and Stock Analysis
Technical RECI.L stock analysis for March 18, 2019.
Real Estate Credit Investments Limited fell by -0.89% in the last day from 168.50€ to 167.00€ and has now fallen 3 days in a row. The price has fallen in 5 of the last 10 days and is down by -2.91% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -113 220 shares and in total 29 937 shares bought and sold for approximately 5.00€ million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the RECI.L stock was 167.00€. This is 0.89% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 1.50% from a day low at 167.00€ to a day high of 169.50€.
30 day high of the RECI.L stock price was 173.00€ and low was 167.00€.
90 day high was 173.00€ and low was 162.00€.
52 week high for the Real Estate Credit Investments Limited - 175.00€ and low - 158.00€.
Real Estate Credit Investments Limited has broken the narrow and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at 168.51€. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Real Estate Credit Investments Limited 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 168.57€ and 169.66€. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 06, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
Real Estate Credit Investments Limited finds support from accumulated volume at 166.50€.
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 2.50€ (1.50%) between high and low. For the last week, the stock has had a daily average volatility of 1.13%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Real Estate Credit Investments Limited stock holds several negative signals and despite the positive trend we believe Real Estate Credit Investments Limited will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.