Thursday May 23, 2019 Change 5.88% Price £0.05
Chart period: 2019-02-25 - 2019-05-23
VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will WSBN.L stock price go up or down on Tue, 28 May 2019?

Predict

Wishbone Gold Plc Forecast and Stock Analysis

Technical WSBN.L stock analysis for Thursday May 23, 2019.

Sell candidate since 2019-04-23 Loss -52.63%


Wishbone Gold Plc gained 5.88% in the last trading day ( Thursday, 23rd May 2019 ), rising from £0.04 to £0.05 During day the stock fluctuated 5.88% from a day low at £0.04 to a day high of £0.05. The price has fallen in 4 of the last 10 days and is down by -43.75% for this period. Volume fell in the last day by -142.67 million shares, and in total, 34.55 million shares bought and sold for approximately £1.55 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the WSBN.L stock price was £0.11 and low was £0.04.
  • 90 day high was £0.14 and low was £0.04.
  • 52 week high for the Wishbone Gold Plc - £0.35 and low - £0.04.

Trend

Wishbone Gold 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 £0.04 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -33.67% during the next 3 months and, with 90% probability hold a price between £0.03 and £0.06 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Wednesday May 22, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Wishbone Gold 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 £0.07 and £0.09. A break-up above any of these levels will issue buy signals.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 25 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

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 £0.04.

With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.00 may give a huge drop in the stock price.

Support: £0.04 Price: £0.05 Resistance: £0.05

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 5.88%. For the last week, the stock has had a daily average volatility of 23.28%.

Wishbone Gold Plc is oversold on RSI14 (25). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

23.28 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Wishbone Gold Plc holds several negative signals and is within a very 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Sell Candidate Upgraded
Stronger Sell Today WSBN.L ranks #4612 as SELL CANDIDATE #4612 Weaker Sell

Will WSBN.L stock price go up or down
on Tue, 28 May 2019?

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank