SPD.L Forecast and Technical Stock Analysis
Hold candidate since 2019-08-16
STANDARD PRODUCTS CO gained 4.09% in the last trading day ( Friday, 16th Aug 2019 ), rising from £2.20 to £2.29 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 6.94% from a day low at £2.16 to a day high of £2.31. The price has risen in 7 of the last 10 days and is up by 3.62% 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, 0.82 million more shares were traded than the day before. In total, 1.51 million shares bought and sold for approximately £3.45 million.
- 30 day high of the SPD.L stock price was £2.58 and low was £1.66.
- 90 day high was £3.01 and low was £1.66.
- 52 week high for STANDARD PRODUCTS CO - £384.60 and low - £1.66.
STANDARD PRODUCTS CO lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £2.33 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -27.18% during the next 3 months and, with 90% probability hold a price between £1.42 and £1.70 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday August 14, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. STANDARD PRODUCTS CO holds a buy signal 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 £2.38. On a fall, the stock will find some support from the short-term average at £2.29. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 85 ]
RSI14 is 58 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
STANDARD PRODUCTS CO finds support from accumulated volume at £2.26.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.15 between high and low, or 6.94%. For the last week, the stock has had a daily average volatility of 7.46%.
Our recommended stop-loss: £2.19 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
7.46 %Average volatility
Very Low Low Medium High Very High
STANDARD PRODUCTS CO holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
Golden Star Signal
This unique 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 substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!