Yahoo! Fund Forecast

Buy or Hold candidate since Jun 21, 2017 Gain 134.82%

The Yahoo! Inc. fund price gained 134.82% on the last trading day (Monday, 3rd Jul 2017), rising from $52.58 to $123.47. During the last trading day the fund fluctuated 679.48% from a day low at $15.84 to a day high of $123.47. The price has been going up and down for this period, and there has been a 137.44% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 137 thousand more shares were traded than the day before. In total, 137 thousand shares were bought and sold for approximately $16.85 million.

The fund has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $58.85, a level that may pose a second chance to hit a runner.

YHOO Signals & Forecast

The Yahoo! Inc. fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the fund. Also, 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 $62.71 and $53.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 13, 2017, and so far it has risen 137.44%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Yahoo! Inc. fund

There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this fund. During the last day, the fund moved $107.63 between high and low, or 679.48%. For the last week the fund has had daily average volatility of 135.90%.

The Yahoo! Inc. fund is extremely overbought on RSI14 (95). Normally this may pose a good selling opportunity but since the fund has broken the trend up, the chance for a major correction due to high RSI is very small as the fund will find support at the trend broken.

Our recommended stop-loss: $119.26 (-3.41%) (This fund has very low daily movements and this gives very low risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (YHOO) For The Upcoming Trading Day Of Wednesday 5th

For the upcoming trading day on Wednesday, 5th we expect Yahoo! Inc. to open at $87.59, and during the day (based on 14 day Average True Range), to move between $119.22 and $127.72, which gives a possible trading interval of +/-$8.50 (+/-7.13%) up or down from last closing price. If Yahoo! Inc. takes out the full calculated possible swing range there will be an estimated 7.13% move between the lowest and the highest trading price during the day.

Is Yahoo! Inc. fund A Buy?

Yahoo! Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Buy to a Hold candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Fair Opening Price

Predicted fair opening price on July 5, 2017 - $87.59 ( 29.06%).

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