Highlighting a FTSE AIM small-cap stock on the London Stock Exchange that is set to perform well over the coming weeks.

This is (potentially, depending on engagement) the first post in a series in which i will focus on an Alternative Investment Market (AIM) stock that i believe could be ready to rise in the coming trading sessions.

The stock is selected based on recent price history and using various technical indicators such as:

• a recent new 9 day high
• an increase in volume
• positive ichimoku based indicators
• positive 'classic' technical indicators

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Todays Stock: Cap-XX Limited (LON:CPX)

Cap-XX Limited are a electronic capacitor manufacturing company engaged in the development, manufacture and sale of supercapacitors. They are engaged in the development, manufacture and sale of supercapacitors. The Company's prismatic supercapacitors are used in commercial and industrial electronics, such as handheld computers, point of sale terminals, telemetry units and location tracking equipment; consumer handheld devices, such as digital cameras, tablet computers and mobile phones, and clean energy applications, such as energy harvesting and micro-hybrid vehicles. source

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Recent price history

Following a recent new 9 day high last Friday, the price has dropped today testing recent support levels. The new 9 day high can be a useful indicator to show a new uptrend.

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Ichimoku indicators

On the Ichimoku chart, the indicators are all Bullish despite being only weak or neutral 'Bull' at present. The Kumo(Japanese for cloud) breakout shown by the blue bar moving above the red 'cloud' last Thursday was a strong move under good volume. The price has since held above the Kumo which is positive for the stock.

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Classic indicators

Last month, the share price dipped below the 200 day moving average (red line) for the first time in over a year. Under strong buying pressure the price moved through all 3 moving averages in the middle of June, only for the 200 day average to be tested again in early July. However, the price has again crept above the 200, 50, and 20 day averages with the possibility of a 50 / 200 day moving average 'golden' crossover should the price remain above 8p for the coming week or so.

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Barchart Opinion

Barchart use a host of technical indicators to evaluate the Stock and provide a Buy/Sell opinion. A 100% Buy or Sell shows the stock has enjoyed a great/horrible run. 56% potentially shows either return to form or the end of a bull period. Evaluating the charts i think that the trend is currently upwards.

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Summary

Having hit 13p in February, the last 6 months have been a quiet period for the company which has been reflected in the share price. The price has recently responded and it is likely that this period is drawing to an end with new contracts in the pipeline and expected to be announced in the coming weeks.

Current Price: 8.325p
Target: 13p
Stop: 7p

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Feedback

Please let me know your opinions on this Stock: Are you a holder?, Do you agree/disagree with the analysis? Also, if you would like me to cover a particular stock on the London Stock Exchange, please let me know and i'll take a look.

Disclaimer: This isn't my job and i'm not a pro trader, but i do enjoy researching stocks and starring at charts. The above should not be considered as investment advice, just information for yourself and piece of Blockchain history for me.

Images courtesy of Barchart, Ichimokutrader, Livecharts, and Interactive Investor

Thanks for reading today

Asher