Standard Chartered plc Forecast and Stock Analysis
Technical STAN.L stock analysis for February 15, 2019.
Standard Chartered plc gained 1.27% in the last trading day, rising from £629.90 to £637.90 The price has risen in 6 of the last 10 days and is up by 2.59% 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, 1.22 million more shares were traded than the day before. In total, 5.22 million shares bought and sold for approximately £3 330.68 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the STAN.L stock was £637.90. This is 1.27% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.80% from a day low at £628.40 to a day high of £639.70.
30 day high of the STAN.L stock price was £641.00 and low was £595.30.
90 day high was £642.60 and low was £570.70.
52 week high for the Standard Chartered plc - £864.20 and low - £514.20.
Standard Chartered plc lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.96% during the next 3 months and, with 90% probability hold a price between £638.16 and £697.16 at the end of this period.
Only positive signals in the chart today. Standard Chartered 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 £628.31 and £618.93. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 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.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Standard Chartered plc finds support from accumulated volume at £613.90.
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 £11.30 (1.80%) between high and low. For the last week, the stock has had a daily average volatility of 1.64%.
Our recommended stoploss: £606.04 (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
Standard Chartered plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.