Schroder Japan Growth Fund plc Forecast and Stock Analysis
Technical SJG.L stock analysis for March 22, 2019.
Schroder Japan Growth Fund plc fell by -1.10% in the last day from £182.00 to £180.00 The price has risen in 6 of the last 10 days . Volume has increased in the last day by 185 463 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, 583 549 shares bought and sold for approximately £105.04 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the SJG.L stock was £180.00. This is 1.1% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.39% from a day low at £180.00 to a day high of £182.50.
30 day high of the SJG.L stock price was £193.50 and low was £178.50.
90 day high was £193.50 and low was £178.50.
52 week high for the Schroder Japan Growth Fund plc - £225.00 and low - £178.50.
Schroder Japan Growth Fund plc lies in the lower of a falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £178.16 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.71% during the next 3 months and, with 90% probability hold a price between £173.33 and £186.67 at the end of this period.
There are few to none technical positive signals at the moment. Schroder Japan Growth Fund 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 £180.14 and £185.31. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
Schroder Japan Growth Fund plc finds support from accumulated volume at £179.00.
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 £2.50 (1.39%) between high and low. For the last week, the stock has had a daily average volatility of 1.28%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Strong Sell Candidate
Schroder Japan Growth Fund 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.