Fri 23'rd Feb 2018
CSRA Inc Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||3.66% ( 2018-01-31 )|
|Loans||11 526.0 mill|
CSRA Inc lies in the upper part of a very wide and strong rising 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 $41.08 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 33.08% during the next 3 months and, with 90% probability hold a price between $43.33 and $54.67 at the end of this period.
CSRA Inc 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 $40.54 and $34.15. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. 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 Tuesday February 20, 2018, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
The stock holds a RSI14 at 81 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
CSRA Inc finds support from accumulated volume at $40.52. On the upside the stock meets some resistance just above today's level from accumulated volume at $40.56 and $40.58.
The stock is about to test the resistance from accumulated volume at $40.56 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.09 between high and low, or 0.21%. For the last week, the stock has had a daily average volatility of 0.45%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $38.79 (-4.32%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)
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CSRA Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
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