MDLY - Medley Management Inc Fri 13'th Jan 2017
Strong Buy Candidate
Stock analysis for Fri 13'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-13
Medley Management Inc Stock Analysis
Medley Management Inc gained 4.71% in the last trading day rising from, USD 9.55 to USD 10.00. The price has fallen in 6 of the last 10 days , but is still up by 2.04% over the past 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and ,in total, 27 161 more shares traded than the day before. In total there were 37 509 shares were bought and sold for approximately USD 375 090.
Medley Management Inc lays in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.7% during the next 3 months and, with 90% probability will hold a price between USD 9.26 and USD 11.55 at the end of this period.
Only positive signals in the chart today. Medley Management Inc holds buy signals from both short- and long-term moving averages. In addition, 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 USD 9.69 and USD 9.50. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 12, 2017, which indicates further gains until a new top pivot has been found. Medley Management Inc has rising volume and it does follow the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside the stock finds support just below today's level from accumulated volume at USD 9.35 and USD 9.25 On the upside the stock meets some resistance just above today's level from accumulated volume at USD 10.05 and USD 10.40.
There is natural risk involved when a stock is testing a support level, as if this is broken the stock may fall to the next support level. In this case Medley Management Inc finds support just below today's level at 9.35. If this is broken the next support from accumulated volume will be at 9.25 and 8.70. The stock is about to test the resistance from accumulated volume at USD 10.05 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day the stock moved USD 0.75 between high and low, and this equals 7.94%. For the last week, the stock has had a daily average volatility of 4.97%.
Our recommended stoploss: USD 9.52 (-4.80%) ( criteria: risk and position in trend)
Medley Management Inc holds several positive signals and are within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at current levels and are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Buy Candidate.