XLON:MERL
Delisted

Merlin Entertainments Plc Stock Forecast

£4.54
+0 (+0%)
At Close: Nov 12, 2019
RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Red day on Tuesday for Merlin Entertainments Plc stock after losing 0%
(Updated on Nov 12, 2019)

Buy or Hold candidate since Oct 03, 2019 PDF

No changes to the price of Merlin Entertainments Plc stock on the last trading day (Tuesday, 12th Nov 2019). During the last trading day the stock fluctuated 0% from a day low at £4.54 to a day high of £4.54. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Merlin Entertainments Plc stock with a 90% probability to be traded between £4.56 and £4.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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MERL.L Signals & Forecast

The Merlin Entertainments Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £4.54 and £4.54. A breakdown 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 sell signal was issued from a pivot top point on Monday, October 21, 2019, and so far it has fallen -0.220%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, September 18, 2019 in the short-term chart.

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.

Support, Risk & Stop-loss for Merlin Entertainments Plc stock

Merlin Entertainments Plc finds support from accumulated volume at £4.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: £4.36 (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (MERL.L) For The Upcoming Trading Day Of Wednesday 13th

For the upcoming trading day on Wednesday, 13th we expect Merlin Entertainments Plc to open at £4.54, and during the day (based on 14 day Average True Range), to move between £4.53 and £4.55, which gives a possible trading interval of +/-£0.0082 (+/-0.18%) up or down from last closing price. If Merlin Entertainments Plc takes out the full calculated possible swing range there will be an estimated 0.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £4.55 (0.22%) than the support at £4.53 (0.22%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Merlin Entertainments Plc stock A Buy?

Merlin Entertainments Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.391 Hold/Accumulate Unchanged

Predicted Opening Price for Merlin Entertainments Plc of Wednesday, November 13, 2019

Fair opening price November 13, 2019 Current price
£4.54 ( 0%) £4.54

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MERL.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.54 .
R2 4.54 .
R1 4.54 .
Current price: 4.54
Support S1 4.54 .
S2 4.54 .
S3 4.54 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 4.55 0.220 %
Current price 4.54
Support S1 4.53 -0.220%
S2 4.52 -0.441%
S3 4.51 -0.661%

FAQ

What is the symbol for Merlin Entertainments Plc Stock and on which exchange is it traded?
The symbol for Merlin Entertainments Plc is MERL.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Merlin Entertainments Plc Stock?
Merlin Entertainments Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Merlin Entertainments Plc Stock?
Merlin Entertainments Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Merlin Entertainments Plc Stock.

What's the current price of Merlin Entertainments Plc Stock?
As of the end of day on the 2019-11-12, the price of an Merlin Entertainments Plc (MERL.L) share was £4.54.

What is the 52-week high and low for Merlin Entertainments Plc Stock?
The 52-week high for Merlin Entertainments Plc Stock is £360.10 and the 52-week low is £3.07.
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