Fri 16'th Nov 2018
Cass Information Systems Stock Analysis
Technical stock analysis for Fri 16'th Nov 2018
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
Cass Information Systems finds support from accumulated volume at $66.86.
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.)
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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%)|
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