Previous Hold Today SPD.L ranks #1886 as HOLD CANDIDATE #1886 Next Hold

SPD.L stock forecast STANDARD PRODUCTS CO

SPD.L stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

SPD.L Forecast and Technical Stock Analysis

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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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

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A sell signal from a double bottom formation was found on Tuesday August 13, 2019 with a target of £2.30. Despite the objective of the signal formation has been reached the stock may continue to fall.

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.

Support: £2.26 Price: £2.29 Resistance: £2.35

Risk

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

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

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.

Previous Hold Today SPD.L ranks #1886 as HOLD CANDIDATE #1886 Next Hold

Will SPD.L stock price go up or down on Mon, 19 Aug 2019?

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