Previous Hold Today UJO.L ranks #2237 as HOLD CANDIDATE. Next Hold
Today UJO.L ranks #2237 as HOLD CANDIDATE.

UJO.L stock Union Jack Oil Plc

UJO.L stock
Union Jack Oil Plc

April 24, 2019
Change -2.91%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will UJO.L stock price go up or down on Thu, 25 Apr 2019?

Union Jack Oil Plc Forecast and Stock Analysis

Technical UJO.L stock analysis for April 24, 2019.

Hold candidate since 2019-04-24

Union Jack Oil Plc fell by -2.91% in the last day from £0.10 to £0.10 The price has been going up and down for this period, and there has been a 5.26% gain for the last 2 weeks. 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 -35.20 million shares and in total 23.61 million shares bought and sold for approximately £2.36 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the UJO.L stock was £0.10. This is 2.91% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 5.13% from a day low at £0.10 to a day high of £0.10.

30 day high of the UJO.L stock price was £0.10 and low was £0.08.
90 day high was £0.17 and low was £0.08.
52 week high for the Union Jack Oil Plc - £0.17 and low - £0.08.

Trend

Union Jack Oil Plc 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 £0.10 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 -34.17% during the next 3 months and, with 90% probability hold a price between £0.03 and £0.07 at the end of this period.

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Signals

Union Jack Oil 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 £0.10 and £0.09. A break down below any of these levels will issue sell signals. 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 Tuesday April 23, 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.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £0.10 and £0.09.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Union Jack Oil Plc finds support just below today's level at £0.10. If this is broken, then the next support from accumulated volume will be at £0.09 and £0.09.

Support: £0.10 Price: £0.10 Resistance: £0.10

Risk

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 £0.00 between high and low, or 5.13%. For the last week, the stock has had a daily average volatility of 3.80%.

Our recommended stoploss: £0.09 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Union Jack Oil Plc 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today UJO.L ranks #2237 as HOLD CANDIDATE. Next Hold
Today UJO.L ranks #2237 as HOLD CANDIDATE.