Schroder Japan Growth Fund plc Forecast and Stock Analysis
Technical SJG.L stock analysis for Friday May 24, 2019.
Schroder Japan Growth Fund plc gained 0.84% in the last trading day ( Friday, 24th May 2019 ), rising from £179.50 to £181.00 During day the stock fluctuated 3.09% from a day low at £178.00 to a day high of £183.50. The price has risen in 4 of the last 10 days , but is still down by -1.09% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 123 029 more shares were traded than the day before. In total, 238 760 shares bought and sold for approximately £43.22 million.
- 30 day high of the SJG.L stock price was £190.00 and low was £176.00.
- 90 day high was £193.50 and low was £176.00.
- 52 week high for the Schroder Japan Growth Fund plc - £225.00 and low - £176.00.
Given the current horizontal trend you can expect Schroder Japan Growth Fund plc with 90% probability to be traded between £173.44 and £184.80 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.
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Schroder Japan Growth Fund plc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £183.22. On a fall, the stock will find some support from the short-term average at £180.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday May 22, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
Schroder Japan Growth Fund plc finds support from accumulated volume at £180.00.
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 £5.50 (3.09%) between high and low. For the last week, the stock has had a daily average volatility of 0.89%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.89 %Average volatility
Very Low Low Medium High Very High
Schroder Japan Growth Fund plc holds several negative signals and we believe that 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