UP Global Sourcing Holdings Plc Forecast and Stock Analysis
Technical UPGS.L stock analysis for February 15, 2019.
UP Global Sourcing Holdings Plc fell by -0.93% in the last day from £64.30 to £63.70 and has now fallen 4 days in a row. The price has fallen in 6 of the last 10 days , but is still up by 0.47% over the past 2 weeks. Volume has increased in the last day by 239 317 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, 546 548 shares bought and sold for approximately £34.82 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the UPGS.L stock was £63.70. This is 0.93% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.27% from a day low at £63.20 to a day high of £64.00.
30 day high of the UPGS.L stock price was £67.60 and low was £48.00.
90 day high was £67.60 and low was £33.50.
52 week high for the UP Global Sourcing Holdings Plc - £67.60 and low - £29.60.
UP Global Sourcing Holdings Plc lies in the middle of a wide and strong 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 68.54% during the next 3 months and, with 90% probability hold a price between £93.46 and £113.50 at the end of this period.
UP Global Sourcing Holdings 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 £63.20 and £53.91. 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 February 12, 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
UP Global Sourcing Holdings Plc finds support from accumulated volume at £62.50.
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 £0.80 between high and low, or 1.27%. For the last week, the stock has had a daily average volatility of 3.34%.
Our recommended stoploss: £60.63 (-4.82%) (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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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.