Weaker Buy Today RFX.L ranks #582 as BUY CANDIDATE. Stronger Buy
Today RFX.L ranks #582 as BUY CANDIDATE.

RFX.L stock Ramsdens Holdings Plc

RFX.L stock
Ramsdens Holdings Plc

March 18, 2019
Change 2.20%
Chart period: 2018-12-19 - 2019-03-18
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will RFX.L stock price go up or down on Tue, 19 Mar 2019?

Ramsdens Holdings Plc Forecast and Stock Analysis

Technical RFX.L stock analysis for March 18, 2019.

Buy candidate since 2019-03-12 Gain 1.09%

Ramsdens Holdings Plc gained 2.20% in the last trading day, rising from £182.00 to £186.00 The price has risen in 6 of the last 10 days and is up by 12.73% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 36 211 more shares were traded than the day before. In total, 52 043 shares bought and sold for approximately £9.68 million.

Close price at the end of the last trading day (Monday, 18th Mar 2019) of the RFX.L stock was £186.00. This is 2.2% more than the trading day before Friday, 15th Mar 2019.

During day the stock fluctuated 2.75% from a day low at £182.00 to a day high of £187.00.

30 day high of the RFX.L stock price was £188.50 and low was £157.50.
90 day high was £188.50 and low was £157.50.
52 week high for the Ramsdens Holdings Plc - £204.00 and low - £147.50.

Trend

Ramsdens Holdings Plc lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £186.92 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 6.39% during the next 3 months and, with 90% probability hold a price between £176.10 and £198.86 at the end of this period.

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Signals

Only positive signals in the chart today. Ramsdens Holdings Plc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £184.00 and £172.97. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 15, 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.

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Relative Strength Index (RSI)

RSI14 is 64 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £176.50 and £172.50.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ramsdens Holdings Plc finds support just below today's level at £176.50. If this is broken, then the next support from accumulated volume will be at £172.50 and £170.00.

Support: £176.50 Price: £186.00

Risk

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 £5.00 between high and low, or 2.75%. For the last week, the stock has had a daily average volatility of 1.26%.

Our recommended stoploss: £176.08 (-5.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Ramsdens Holdings Plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today RFX.L ranks #582 as BUY CANDIDATE. Stronger Buy
Today RFX.L ranks #582 as BUY CANDIDATE.