Cass Information Systems Forecast and Stock Analysis
Technical CASS stock analysis for March 22, 2019.
Cass Information Systems fell by -4.67% in the last day from $47.79 to $45.56 The price has fallen in 6 of the last 10 days and is down by -8.24% for this period. Volume has increased in the last day by 35 446 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, 56 973 shares bought and sold for approximately $2.60 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the CASS stock was $45.56. This is 4.67% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 7.09% from a day low at $44.99 to a day high of $48.18.
30 day high of the CASS stock price was $53.95 and low was $44.99.
90 day high was $54.86 and low was $44.99.
52 week high for the Cass Information Systems - $74.49 and low - $44.99.
Cass Information Systems has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($46.79) are considered to be a "second chance" to get out. According to the fan-theory $41.22 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
There are few to none technical positive signals at the moment. Cass Information Systems 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 $48.13 and $50.98. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $3.19 (7.09%) between high and low. For the last week, the stock has had a daily average volatility of 3.41%.
Cass Information Systems is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Strong Sell Candidate
Cass Information Systems holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.