Carbonite Forecast and Stock Analysis
Technical CARB stock analysis for April 24, 2019.
Carbonite fell by -0.62% in the last day from $24.27 to $24.12 The price has fallen in 6 of the last 10 days and is down by -5.63% for this period. Volume has increased in the last day by 0.13 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.16 million shares bought and sold for approximately $28.07 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the CARB stock was $24.12. This is 0.62% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 1.94% from a day low at $23.95 to a day high of $24.42.
30 day high of the CARB stock price was $25.95 and low was $23.84.
90 day high was $29.77 and low was $21.84.
52 week high for the Carbonite - $43.63 and low - $21.84.
Carbonite lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.37% during the next 3 months and, with 90% probability hold a price between $18.73 and $25.00 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Carbonite holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $24.48 and $24.71. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Carbonite finds support from accumulated volume at $23.85.
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 $0.47 (1.94%) between high and low. For the last week, the stock has had a daily average volatility of 3.07%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Carbonite holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|CARB $24.12 ($-0.15 -0.62%)|
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