Previous Hold Today RTHM.L ranks #1899 as HOLD CANDIDATE. Next Hold
Today RTHM.L ranks #1899 as HOLD CANDIDATE.

RTHM.L stock RhythmOne Plc

RTHM.L stock
RhythmOne Plc

March 22, 2019
Change 0.00%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will RTHM.L stock price go up or down on Tue, 26 Mar 2019?

RhythmOne Plc Forecast and Stock Analysis

Technical RTHM.L stock analysis for March 22, 2019.

Hold candidate since 2019-03-22

No changes to the price of RhythmOne Plc in the last trading day. The price has risen in 6 of the last 10 days and is up by 27.74% over the past 2 weeks.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the RTHM.L stock was £175.00.

During day the stock fluctuated 7.27% from a day low at £165.00 to a day high of £177.00.

30 day high of the RTHM.L stock price was £177.00 and low was £131.20.
90 day high was £210.00 and low was £131.20.
52 week high for the RhythmOne Plc - £260.00 and low - £131.20.

Trend

RhythmOne Plc lies the upper part of a very wide and falling 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 £175.35 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.53% during the next 3 months and, with 90% probability hold a price between £91.58 and £135.85 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days. RhythmOne Plc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £156.21 and £159.18. A break down below any of these levels will issue sell signals.

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A buy signal from a double bottom formation was found on Tuesday March 12, 2019 with a target of £151.58. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

RhythmOne Plc finds support from accumulated volume at £170.40.

Support: £170.40 Price: £175.00 Resistance: £180.00

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 £12.00 between high and low, or 7.27%. For the last week, the stock has had a daily average volatility of 6.97%.

Our recommended stoploss: £167.02 (-4.56%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

RhythmOne Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today RTHM.L ranks #1899 as HOLD CANDIDATE. Next Hold
Today RTHM.L ranks #1899 as HOLD CANDIDATE.