Ramsdens Holdings Plc Forecast and Stock Analysis
Technical RFX.L stock analysis for March 18, 2019.
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
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.
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.)
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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.