Savannah Resources Plc Forecast and Stock Analysis
Technical SAV.L stock analysis for March 15, 2019.
No changes to the price of Savannah Resources Plc in the last trading day. The price has been going up and down for this period, and there has been a -0.94% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the SAV.L stock was £5.25.
During day the stock fluctuated 0.00% from a day low at £5.25 to a day high of £5.25.
30 day high of the SAV.L stock price was £6.50 and low was £5.06.
90 day high was £6.50 and low was £4.68.
52 week high for the Savannah Resources Plc - £15.25 and low - £4.68.
Savannah Resources Plc lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.76% during the next 3 months and, with 90% probability hold a price between £4.91 and £6.74 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday March 12, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Savannah Resources Plc 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 £5.31 and £5.33. A break-up above any of these levels will issue buy signals. 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.
Relative Strength Index (RSI)
RSI14 is 36 and the stock is currently not being overbought or oversold
Support & Resistance
Savannah Resources Plc finds support from accumulated volume at £5.15.
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 1.33%.
Our recommended stoploss: £4.90 (-6.61%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
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Savannah Resources Plc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.