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ITM Power Plc (ITM.L) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Mon, 20 Nov 2017Bearish EngulfingDojiMon, 30 Oct 2017-2.44%
***Stock database and scans are updated around midnight (London time) every trading day.
40.00 0.00 (0%) Nov 20 9:00pm BST
Open: 42.00 Range: 40.00 - 42.00 Vol: 4.86K Avg Vol: 1.11M
EPS: -1.70 P/E ratio: 0.00 EBITDA: -2.37M Mkt Cap: 101.96M
Analyze "ITM.L" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 40.85
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 42.00
Last Trade is below the 50 day moving average at 45.41
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 28.34
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of ITM.L

Stock Trend Analysis - Buy, Sell or Hold "ITM Power Plc" (ITM.L)?

ITM.L is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 70% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. The 20 day moving average is however bucking the long and medium term trends as it is identifying a very weak shorter term trend. These may be early indications of a trend reversal but it is still too early to confirm. The long term trend remains up and the higher probability trade is to selectively buy the dips. A successful test of the 200 SMA currently near 28.34 would be a good place to start scaling in a long position. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "ITM.L".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Mon, 20 Nov 2017
United Kingdom Stocks Above 200 Day Moving Average
TickerNameTrend AnalysisSupport/Resistance