REXX - Rex Energy Corporation Fri 13'th Jan 2017
Strong Buy Candidate
Stock analysis for Fri 13'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-11
Rex Energy Corporation Stock Analysis
Rex Energy Corporation gained 4.00% in the last trading day rising from, USD 0.50 to USD 0.52. The price has been going up and down for this period, and there has been a 10.64% gain for the last 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and ,in total, 26 052 more shares traded than the day before. In total there were 483 589 shares were bought and sold for approximately USD 251 466.
Rex Energy Corporation lays in the middle of a very 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 5.7% during the next 3 months and, with 90% probability will hold a price between USD 0.32 and USD 0.61 at the end of this period.
Only positive signals in the chart today. Rex Energy Corporation 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 0.51 and USD 0.50. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 10, 2017, which indicates further gains until a new top pivot has been found. Rex Energy Corporation 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 59 and the stock is currently not being overbought or oversold
Support & Resistance
Rex Energy Corporation finds support from accumulated volume at USD 0.50, USD 0.49, and USD 0.46. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 0.54, USD 0.55 and USD 0.57.
The stock is about to test the resistance from accumulated volume at USD 0.54 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.02 between high and low, or 4.00%. For the last week, the stock has had a daily average volatility of 7.26%.
Our recommended stoploss: USD 0.49 (-5.77%) ( based on support and risk)
Rex Energy Corporation 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 Buy Candidate to a Strong Buy Candidate.