Previous Hold Today SAV.L ranks #3234 as HOLD CANDIDATE. Next Hold
Today SAV.L ranks #3234 as HOLD CANDIDATE.

SAV.L stock Savannah Resources Plc

SAV.L stock
Savannah Resources Plc

March 15, 2019
Change 0.00%
Chart period: 2018-12-17 - 2019-03-15
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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

Savannah Resources Plc Forecast and Stock Analysis

Technical SAV.L stock analysis for March 15, 2019.

Hold candidate since 2019-03-14

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.

Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Tuesday March 12, 2019 and based on theory for this formation the price should go up by 0.70% to £5.90 within 8 trading days since signal was issued (Friday March 22, 2019).

Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Savannah Resources Plc finds support from accumulated volume at £5.15.

Support: £5.15 Price: £5.25 Resistance: £5.30

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 £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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

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.

Previous Hold Today SAV.L ranks #3234 as HOLD CANDIDATE. Next Hold
Today SAV.L ranks #3234 as HOLD CANDIDATE.