Tue 18'th Sep 2018
Cass Information Systems Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||10.05% ( 2018-08-31 )|
Cass Information Systems fell by -1.18% in the last day from $67.20 to $66.41 and has now fallen 3 days in a row. The price has fallen in 9 of the last 10 days and is down by -7.25% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -2 783 shares and in total 12 518 shares bought and sold for approximately $831 320.00.
Cass Information Systems has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $66.70 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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 $67.49 and $70.18. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday August 24, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 14 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
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.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Cass Information Systems is overbought on RSI14 (14). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
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.Click for Top 5 Sell Candidates
|CASS $66.41 $-0.79(-1.18%)|
CASS is down $0.79 today, but where's it headed in October?
|Zacks Investment Research is releasing its prediction for CASS based on the 1-3 month system that more than doubles the S&P 500.
Click here – the CASS analysis is free »