STAN.L Forecast and Technical Stock Analysis
Buy candidate since 2019-07-10 Loss -2.73%
Standard Chartered plc fell by -0.14% in the last day ( Friday, 19th Jul 2019 ) from £7.14 to £7.13 During the day the stock fluctuated 2.27% from a day low at £7.06 to a day high of £7.22. The price has fallen in 6 of the last 10 days and is down by -2.99% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.16 million shares and in total 4.92 million shares bought and sold for approximately £35.08 million.
- 30 day high of the STAN.L stock price was £7.42 and low was £6.85.
- 90 day high was £7.42 and low was £6.50.
- 52 week high for Standard Chartered plc - £639.60 and low - £5.14.
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 7.25% during the next 3 months and, with 90% probability hold a price between £7.47 and £8.11 at the end of this period.
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 £7.16. On a fall, the stock will find some support from the long-term average at approximately £7.08. 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. A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 50 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 Chartered plc finds support from accumulated volume at £7.10.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.16 (2.27%) between high and low. For the last week, the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: £6.70 (-6.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
1.44 %Average volatility
Very Low Low Medium High Very High
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.
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