Fri 20'th Jul 2018
Capstone Turbine Corporation Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||1.87% ( 2018-06-29 )|
Capstone Turbine Corporation fell by -1.66% in the last day from $1.81 to $1.78 The price has risen in 6 of the last 10 days and is up by 20.27% over the past 2 weeks. 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 -248 963 shares and in total 505 744 shares bought and sold for approximately $900 224.00.
Capstone Turbine Corporation lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.56% during the next 3 months and, with 90% probability hold a price between $1.65 and $2.13 at the end of this period.
Capstone Turbine Corporation 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 $1.67 and $1.56. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday July 19, 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)
The stock holds a RSI14 at 82 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $1.58 and $1.53.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Capstone Turbine Corporation finds support just below today's level at $1.58. If this is broken, then the next support from accumulated volume will be at $1.53 and $1.40.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.07 between high and low, or 4.00%. For the last week the stock has had a daily average volatility of 6.83%.
Our recommended stoploss: $1.70 (-4.77%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)
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Several short-term signals, along with a general good trend, are positive and 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.Click for Top 5 Buy Candidates
|CPST $1.78 $-0.03(-1.66%)|
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