Stobart Group Limited Stock Analysis
Technical stock analysis for 23 January 2019
Stobart Group Limited gained 0.49% in the last trading day, rising from £162.60 to £163.40 The price has fallen in 5 of the last 10 days , but is still up by 6.66% 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, 312 398 more shares were traded than the day before. In total, 312 398 shares bought and sold for approximately £51.05 million.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the STOB.L stock was £163.40. This is 0.49% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 3.77% from a day low at £159.00 to a day high of £165.00.
30 day high of the STOB.L stock price was £169.80 and low was £140.20.
90 day high was £219.00 and low was £140.20.
52 week high for the Stobart Group Limited - £272.50 and low - £140.20.
Stobart Group Limited lies the upper part of a very 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 £164.36 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 -29.07% during the next 3 months and, with 90% probability hold a price between £83.21 and £116.58 at the end of this period.
Stobart Group Limited 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 £162.46 and £156.29. A break down below any of these levels will issue sell signals. 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. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Stobart Group Limited finds support from accumulated volume at £160.80.
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 £6.00 between high and low, or 3.77%. For the last week, the stock has had a daily average volatility of 3.47%.
Our recommended stoploss: £156.22 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 days ago.)
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Stobart Group Limited 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 for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.