ScotGems Plc Forecast and Stock Analysis
Technical SGEM.L stock analysis for Monday June 24, 2019.
ScotGems Plc fell by -0.57% in the last day ( Monday, 24th Jun 2019 ) from £87.00 to £86.50 During day the stock fluctuated 0.58% from a day low at £86.50 to a day high of £87.00. The price has been going up and down for this period, and there has been a -2.26% loss for the last 2 weeks. Volume has increased in the last day by 12 604 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 12 604 shares bought and sold for approximately £1.09 million.
- 30 day high of the SGEM.L stock price was £88.50 and low was £84.50.
- 90 day high was £91.50 and low was £84.50.
- 52 week high for the ScotGems Plc - £99.00 and low - £0.92.
ScotGems Plc lies in the middle of a 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 -2.24% during the next 3 months and, with 90% probability hold a price between £80.72 and £88.32 at the end of this period.
There are few to none technical positive signals at the moment. ScotGems Plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £87.36 and £87.18. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 11, 2019, which indicates further falls until a new bottom pivot has been found. ScotGems Plc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
ScotGems Plc finds support from accumulated volume at £86.00.
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 £0.50 (0.58%) between high and low. For the last week, the stock has had a daily average volatility of 0.57%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.57 %Average volatility
Very Low Low Medium High Very High
ScotGems Plc holds several negative signals and is within a 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.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us