Fri 25'th May 2018
Boot Barn Holdings Inc Stock Analysis
Technical stock analysis for Fri 25'th May 2018
Boot Barn Holdings Inc gained 0.46% in the last trading day, rising from $23.92 to $24.03 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 15.42% over the past 2 weeks. Volume fell in the last day by -101 865 shares, and in total, 541 095 shares bought and sold for approximately $13.00 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
|Shorts||13.37% ( 2018-04-30 )|
Boot Barn Holdings Inc lies in the middle of a 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 stock is expected to rise 27.74% during the next 3 months and, with 90% probability hold a price between $25.92 and $32.10 at the end of this period.
Only positive signals in the chart today. Boot Barn Holdings 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 $23.80 and $20.30. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday May 22, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Boot Barn Holdings Inc finds support from accumulated volume at $23.40.
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 $0.53 between high and low, or 2.24%. For the last week, the stock has had a daily average volatility of 2.62%.
Our recommended stoploss: $22.82 (-5.05%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 3 days ago.)
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