Sirius Minerals Plc Forecast and Stock Analysis
Technical SXX.L stock analysis for March 22, 2019.
Sirius Minerals Plc fell by -0.20% in the last day from £19.72 to £19.68 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -0.46% loss for the last 2 weeks. Volume has increased in the last day by 2.14 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, 9.27 million shares bought and sold for approximately £182.49 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the SXX.L stock was £19.68. This is 0.2% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 2.52% from a day low at £19.43 to a day high of £19.92.
30 day high of the SXX.L stock price was £20.54 and low was £17.29.
90 day high was £23.00 and low was £17.29.
52 week high for the Sirius Minerals Plc - £39.78 and low - £17.29.
Sirius Minerals Plc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.74% during the next 3 months and, with 90% probability hold a price between £15.91 and £18.83 at the end of this period.
There are few to none technical positive signals at the moment. Sirius Minerals Plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £19.73 and £19.78. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 20, 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.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Sirius Minerals Plc finds support from accumulated volume at £19.45.
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 £0.49 (2.52%) between high and low. For the last week, the stock has had a daily average volatility of 1.95%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Sirius Minerals Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.