CASS stock - Cass Information Systems

Industry: Business Services Sector: Services Exchange: NASDAQ

Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE 0.19%
PRICE $67.57
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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Cass Information Systems Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Buy candidate since 2018-11-15 Gain 0.19%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.85
ROA 1.76

Cass Information Systems gained 0.19% in the last trading day, rising from $67.44 to $67.57 , and has now gained 3 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 5 of the last 10 days and is up by 3.11% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 097 more shares were traded than the day before. In total, 16 883 shares bought and sold for approximately $1.14 million.

Trend

Cass Information Systems lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $67.94 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.74% during the next 3 months and, with 90% probability hold a price between $50.72 and $60.65 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Cass Information Systems 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 $67.06 and $64.63. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday November 14, 2018, which indicates further gains until a new top pivot has been found. Cass Information Systems has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Cass Information Systems finds support from accumulated volume at $66.86.

Support: $66.86 Price: $67.57 Resistance: $68.37

Risk

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 $0.99 between high and low, or 1.48%. For the last week, the stock has had a daily average volatility of 2.92%.

Our recommended stoploss: $64.01 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

CASS $67.57 $0.13(0.19%)
CASS is up $0.13 today, but where's it headed in 2019?
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