ScotGems Plc Forecast and Stock Analysis
Technical SGEM.L stock analysis for March 18, 2019.
No changes to the price of ScotGems Plc in the last trading day. The price has been going up and down for this period, and there has been a -0.55% loss for the last 2 weeks.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the SGEM.L stock was £91.00.
During day the stock fluctuated 0.00% from a day low at £91.00 to a day high of £91.00.
30 day high of the SGEM.L stock price was £91.50 and low was £89.00.
90 day high was £94.50 and low was £89.00.
52 week high for the ScotGems Plc - £99.00 and low - £82.00.
ScotGems Plc lies in the middle of a narrow 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 -2.81% during the next 3 months and, with 90% probability hold a price between £87.12 and £89.83 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday February 01, 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. ScotGems 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 £91.07 and £91.27. 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 50 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 £0.00 (0.00%) between high and low. For the last week, the stock has had a daily average volatility of 0.00%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
ScotGems Plc holds several negative signals and is within a narrow 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.