SXX.L Forecast and Technical Stock Analysis
Sell candidate since 2019-08-01 Loss -39.71%
Sirius Minerals Plc fell by -1.53% in the last day ( Monday, 19th Aug 2019 ) from £0.09 to £0.09 During the day the stock fluctuated 6.75% from a day low at £0.09 to a day high of £0.09. The price has fallen in 6 of the last 10 days and is down by -38.22% 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 -5.20 million shares and in total 23.57 million shares bought and sold for approximately £2.13 million.
- 30 day high of the SXX.L stock price was £0.17 and low was £0.08.
- 90 day high was £0.21 and low was £0.08.
- 52 week high for Sirius Minerals Plc - £36.76 and low - £0.08.
Sirius Minerals Plc lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £0.08 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.50% during the next 3 months and, with 90% probability hold a price between £0.06 and £0.11 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Sirius Minerals Plc holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £0.14. On a fall, the stock will find some support from the short-term average at £0.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Tuesday August 13, 2019, which indicates further falls until a new bottom pivot has been found. 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 21 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
Sirius Minerals Plc finds support from accumulated volume at £0.09.
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 £0.01 between high and low, or 6.75%. For the last week, the stock has had a daily average volatility of 22.50%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
22.50 %Average volatility
Very Low Low Medium High Very High
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!