STANDARD PRODUCTS CO Stock Forecast

Red day on Monday for STANDARD PRODUCTS CO
(Updated on Jan 06, 2020)

SPD.L Signals & Forecast

The STANDARD PRODUCTS CO 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 £4.70 and £3.87. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, December 16, 2019, and so far it has fallen -0.424%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for STANDARD PRODUCTS CO stock

On the downside, the stock finds support just below today's level from accumulated volume at £3.60. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.

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%

The STANDARD PRODUCTS CO stock is extremely overbought on RSI14 (98). This increases the short-term risk substantially.

Our recommended stop-loss: £4.55 (-3.11%) (This stock has low daily movements and this gives low risk. The RSI14 is 98 and this increases the risk substantially. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (SPD.L) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect STANDARD PRODUCTS CO to open at £4.70, and during the day (based on 14 day Average True Range), to move between £4.62 and £4.78, which gives a possible trading interval of +/-£0.0820 (+/-1.75%) up or down from last closing price. If STANDARD PRODUCTS CO takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £4.72 (0.43%) than the support at £3.60 (23.40%), 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 STANDARD PRODUCTS CO stock A Buy?

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 STANDARD PRODUCTS CO stock to perform well in the short-term.

Current score: 2.069 Buy Candidate Unchanged

Predicted Opening Price for STANDARD PRODUCTS CO of Tuesday, January 7, 2020

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