Standard Life Private Equity Trust PLC Forecast and Stock Analysis
Technical SLPE.L stock analysis for March 18, 2019.
Standard Life Private Equity Trust PLC gained 1.42% in the last trading day, rising from £351.00 to £356.00 The price has risen in 5 of the last 10 days and is up by 1.42% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 31 320 more shares were traded than the day before. In total, 158 452 shares bought and sold for approximately £56.41 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the SLPE.L stock was £356.00. This is 1.42% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 3.46% from a day low at £347.00 to a day high of £359.00.
30 day high of the SLPE.L stock price was £359.00 and low was £347.00.
90 day high was £359.00 and low was £320.00.
52 week high for the Standard Life Private Equity Trust PLC - £359.00 and low - £315.00.
Standard Life Private Equity Trust PLC lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.19% during the next 3 months and, with 90% probability hold a price between £373.76 and £404.30 at the end of this period.
Only positive signals in the chart today. Standard Life Private Equity Trust PLC holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £350.71 and £346.31. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 28, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
Standard Life Private Equity Trust PLC finds support from accumulated volume at £351.00.
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 £12.00 (3.46%) between high and low. For the last week, the stock has had a daily average volatility of 0.92%.
Our recommended stoploss: £342.64 (-3.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 35 days ago.)
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Evaluation: Strong Buy Candidate
Standard Life Private Equity Trust PLC holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.