Regency Mines Forecast and Stock Analysis
Technical RGM.L stock analysis for March 22, 2019.
No changes to the price of Regency Mines in the last trading day. The price has been going up and down for this period, and there has been a -48.57% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the RGM.L stock was £0.09.
During day the stock fluctuated 0.00% from a day low at £0.09 to a day high of £0.09.
30 day high of the RGM.L stock price was £0.23 and low was £0.08.
90 day high was £0.43 and low was £0.08.
52 week high for the Regency Mines - £0.73 and low - £0.08.
Regency Mines 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 -52.74% during the next 3 months and, with 90% probability hold a price between £0.00 and £0.11 at the end of this period.
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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. Regency Mines holds a buysignal 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 £0.19. On a fall, the stock will find some support from the short-term average at £0.09. 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)
The stock currently holds a RSI14 at 19 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
On the downside, the stock finds support just below today's level from accumulated volume at £0.09 and £0.08.
With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.00 may give a huge drop in the stock price.
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 £0.00 between high and low, or 0.00%. For the last week, the stock has had a daily average volatility of 3.68%.
Regency Mines is oversold on RSI14 (19). 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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Evaluation: Sell Candidate
Regency Mines holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.