Arctic Cat Fund Forecast

Sell candidate since Mar 22, 2017

No changes to the price of Arctic Cat Inc. fund on the last trading day (Wednesday, 22nd Mar 2017). During the last trading day the fund fluctuated 0% from a day low at $18.50 to a day high of $18.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fund lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 27.09% during the next 3 months and, with a 90% probability hold a price between $20.97 and $28.21 at the end of this 3-month period.

ACAT Signals & Forecast

There are mixed signals in the fund today. The Arctic Cat Inc. fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the fund. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.50 and $18.54. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, February 23, 2017, and so far it has risen 0.108%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Arctic Cat Inc. fund

Arctic Cat Inc. finds support from accumulated volume at $18.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Arctic Cat Inc. is oversold on RSI14 (20). Some funds may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ACAT) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Arctic Cat Inc. to open at $18.50, and during the day (based on 14 day Average True Range), to move between $18.45 and $18.55, which gives a possible trading interval of +/-$0.0908 (+/-0.49%) up or down from last closing price. If Arctic Cat Inc. takes out the full calculated possible swing range there will be an estimated 0.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.49 (0.05%) than the resistance at $18.55 (0.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Arctic Cat Inc. fund A Buy?

Arctic Cat Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold to a Sell candidate.

Current score: -1.120 Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on March 23, 2017 - $18.50 ( 0%).

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