Starwood Waypoint Residential Trust Forecast and Stock Analysis
Technical SFR.L stock analysis for February 15, 2019.
|Shorts||13.45% ( 2017-10-31 )|
|Loans||7 800.1 mill|
Starwood Waypoint Residential Trust gained 1.21% in the last trading day, rising from £66.00 to £66.80 The price has fallen in 4 of the last 10 days and is down by -4.02% for this period. Volume fell in the last day by -231 607 shares, and in total, 108 793 shares bought and sold for approximately £7.27 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SFR.L stock was £66.80. This is 1.21% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.02% from a day low at £66.20 to a day high of £68.20.
30 day high of the SFR.L stock price was £71.60 and low was £66.00.
90 day high was £76.00 and low was £64.00.
52 week high for the Starwood Waypoint Residential Trust - £89.40 and low - £62.00.
Starwood Waypoint Residential Trust is the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at £65.99 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect Starwood Waypoint Residential Trust with 90% probability to be traded between £65.23 and £73.42 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Starwood Waypoint Residential Trust 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 £67.34 and £70.35. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Starwood Waypoint Residential Trust finds support from accumulated volume at £66.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £2.00 (3.02%) between high and low. For the last week, the stock has had a daily average volatility of 2.59%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Starwood Waypoint Residential Trust holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.