SSON.L Forecast and Technical Stock Analysis
Hold candidate since 2019-11-18 PDF
No changes to the price of Smithson Investment Trust PLC in the last trading day ( Tuesday, 19th Nov 2019 ). During the day the stock fluctuated 0.00% from a day low at £12.38 to a day high of £12.38. The price has risen in 6 of the last 10 days and is up by 1.98% over the past 2 weeks.
- 30 day high of the SSON.L stock price was £12.40 and low was £11.85.
- 90 day high was £12.88 and low was £11.85.
- 52 week high for Smithson Investment Trust PLC - £1 125.00 and low - £9.85.
Smithson Investment Trust PLC lies the upper part of a 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 £12.44 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 -3.49% during the next 3 months and, with 90% probability hold a price between £11.36 and £12.01 at the end of this period.
Smithson Investment 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 £12.31 and £12.17. 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 Monday November 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 78 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
Smithson Investment Trust PLC finds support from accumulated volume at £12.36.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.54%.
Our recommended stop-loss: £11.95 (-3.44%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 day(s) ago.)
0.54 %Average volatility
Very Low Low Medium High Very High
Smithson Investment Trust PLC 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.
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!