Wishbone Gold Plc Forecast and Stock Analysis
Technical WSBN.L stock analysis for March 18, 2019.
No changes to the price of Wishbone Gold Plc in the last trading day. The price has been going up and down for this period, and there has been a 4.76% gain for the last 2 weeks.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the WSBN.L stock was £0.11.
During day the stock fluctuated 4.76% from a day low at £0.11 to a day high of £0.11.
30 day high of the WSBN.L stock price was £0.14 and low was £0.10.
90 day high was £0.19 and low was £0.09.
52 week high for the Wishbone Gold Plc - £0.43 and low - £0.07.
Wishbone Gold Plc lies in the middle of a very 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 -21.87% during the next 3 months and, with 90% probability hold a price between £0.06 and £0.11 at the end of this period.
There are mixed signals in the stock today. Wishbone Gold Plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £0.11 and £0.11. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday March 15, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Wishbone Gold Plc finds support from accumulated volume at £0.11.
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 4.76%. For the last week, the stock has had a daily average volatility of 6.41%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Wishbone Gold Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.