Weaker Buy Today SPD.L ranks #748 as BUY CANDIDATE. Stronger Buy
Today SPD.L ranks #748 as BUY CANDIDATE.

SPD.L stock STANDARD PRODUCTS CO

SPD.L stock
STANDARD PRODUCTS CO

April 18, 2019
Change -0.72%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will SPD.L stock price go up or down on Tue, 23 Apr 2019?

STANDARD PRODUCTS CO Forecast and Stock Analysis

Technical SPD.L stock analysis for April 18, 2019.

Buy candidate since 2019-04-18

STANDARD PRODUCTS CO fell by -0.72% in the last day from £303.80 to £301.60 The price has fallen in 5 of the last 10 days , but is still up by 4.58% over the past 2 weeks. Volume has increased in the last day by 71 404 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, 361 629 shares bought and sold for approximately £109.07 million.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the SPD.L stock was £301.60. This is 0.72% less than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 1.27% from a day low at £300.00 to a day high of £303.80.

30 day high of the SPD.L stock price was £307.80 and low was £276.50.
90 day high was £307.80 and low was £256.40.
52 week high for the STANDARD PRODUCTS CO - £436.10 and low - £221.10.

Trend

STANDARD PRODUCTS CO lies in the upper part of a wide and weak rising 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 £304.16 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 8.15% during the next 3 months and, with 90% probability hold a price between £296.24 and £328.95 at the end of this period.

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Signals

STANDARD PRODUCTS CO 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 £297.37 and £284.45. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday April 17, 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.

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A buy signal from a double bottom formation was found on Monday April 08, 2019 with a target of £298.27. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £279.50 and £278.20.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, STANDARD PRODUCTS CO finds support just below today's level at £279.50. If this is broken, then the next support from accumulated volume will be at £278.20 and £272.60.

Support: £279.50 Price: £301.60 Resistance: £303.80

Risk

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 £3.80 (1.27%) between high and low. For the last week, the stock has had a daily average volatility of 1.95%.

Our recommended stoploss: £291.51 (-3.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today SPD.L ranks #748 as BUY CANDIDATE. Stronger Buy
Today SPD.L ranks #748 as BUY CANDIDATE.