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Stock Technical Analysis
Overall
Targets Six months: 48.86 One year: 59.57
Supports Support1: 27.00 Support2: 22.46
Resistances Resistance1: 41.83 Resistance2: 51.00
Pivot Point 34.18
Moving Averages MA(5): 34.12 MA(20): 33.26
MA(100): 42.08 MA(250): 40.059
MACD MACD(12,26): 0.29 Signal(12,26,9): 0.04
Stochastic Oscillator %K(14,3): 65.78 %D(3): 65.28
RSI RSI(14): 53.78
52-Week High: 61.85 Low: 27.00 Change(%): -15.6
Average Volume(K) 3-Month: 48099 10-Days: 40157.167969
Moving Averages analysis
Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
Bollinger Bands Analysis
DEST.L has closed below upper band by 40.3%. Bollinger Bands are 69.1% narrower than normal. The narrow width of the bands suggests low volatility as compared to DEST.L's normal range. The bands have been in this narrow range for 5 bars. This is a sign that the market may be about to initiate a new trend.
.....is the important bit.. "While good progress continues to be made on all of Destiny’s assets, partnering of XF-73 Nasal remains Destiny’s principle focus over the coming months. Active discussions are progressing at various stages with a number of interested global parties having access to the XF-73 data room, and the Company anticipates several more potential partners will be granted access in the coming months"
So by September (or before) we should know who the partners are, I expect CT who comes in on 1st Sept expects this sooner rather than later by which time SP will rocket! He'll want to make his mark and hit the ground running, probably already sounding out Nasdaq as we speak.
Cheers alamo🙂🤘
Martinu re 16 32 post. I looked at the SP yesterday yo yoing and thought something was wrong, then I saw a post detailing not much profit in sweetbiotix till 2025 so that was that. 30p close yesterday after 42p high said it all. This morning started off badly so I just knew an extra 16-20% would be lopped off.
Fridays are usually normal days, don't expect much movement here, all the rampers jumped ship at 40p so probably close at about 23p, that's unless traders come roaring back, buying in then selling off again.
Well.....had to sell the share club's holding, just before the bell. When you don't get reply to a simple email shows how pi's are taken for granted. I still have my own holding here but reduced that 50%. Looking at the stats I hope it still comes good, but it could be nine months to another year me thinks and for that time I can put money to better use....straight into Dest.
Cheers alamo🙂
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 19/07/2023, 6 days ago, when the stock price was 27.59. Since then DEST.L has risen by +24.68%.
The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. The current price is quite distant from the confirmation level, so the probability of a bearish confirmation is very low. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.