Previous Hold Today STAN.L ranks #3389 as HOLD CANDIDATE. Next Hold
Today STAN.L ranks #3389 as HOLD CANDIDATE.

STAN.L stock Standard Chartered plc

STAN.L stock
Standard Chartered plc

April 24, 2019
Change -1.70%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will STAN.L stock price go up or down on Thu, 25 Apr 2019?

Standard Chartered plc Forecast and Stock Analysis

Technical STAN.L stock analysis for April 24, 2019.

Hold candidate since 2019-04-09 Gain 1.98%

Standard Chartered plc fell by -1.70% in the last day from £671.60 to £660.20 and has now fallen 4 days in a row. The price has risen in 5 of the last 10 days and is up by 2.26% over the past 2 weeks. Volume has increased in the last day by 0.97 million 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, 6.61 million shares bought and sold for approximately £4 365.47 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the STAN.L stock was £660.20. This is 1.7% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 2.26% from a day low at £655.80 to a day high of £670.60.

30 day high of the STAN.L stock price was £682.00 and low was £573.80.
90 day high was £682.00 and low was £573.80.
52 week high for the Standard Chartered plc - £787.30 and low - £514.20.

Trend

Standard Chartered plc 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 £674.06 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 3.95% during the next 3 months and, with 90% probability hold a price between £606.73 and £700.68 at the end of this period.

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Signals

There are mixed signals in the stock today. 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. Standard Chartered plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £670.34. On a fall, the stock will find some support from the long-term average at approximately £626.78. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 72 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Standard Chartered plc finds support from accumulated volume at £643.60.

Support: £643.60 Price: £660.20 Resistance: £671.00

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 £14.80 between high and low, or 2.26%. For the last week, the stock has had a daily average volatility of 1.67%.

The stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: £634.74 (-3.86%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 72 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

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Previous Hold Today STAN.L ranks #3389 as HOLD CANDIDATE. Next Hold
Today STAN.L ranks #3389 as HOLD CANDIDATE.