DS Stock Forecast and Technical Analysis
Sell candidate since 2020-01-28 Loss -22.00% PDF
Newcastle Investment Corp fell by -5.45% in the last day ( Tuesday, 25th Feb 2020 ) from $3.30 to $3.12 and has now fallen 3 days in a row. During the day the stock fluctuated 6.77% from a day low at $3.10 to a day high of $3.31. The price has fallen in 6 of the last 10 days and is down by -8.24% for this period. Volume has increased in the last day by 316 079 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 683 554 shares bought and sold for approximately $2.13 million.
DS Stock Price Summary
- 30 day high of the DS stock price was $4.14 and low was $3.10.
- 90 day high was $4.19 and low was $3.10.
- 52 week high for Newcastle Investment Corp - $5.62 and low - $3.10.
Newcastle Investment Corp has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($3.35) are considered to be a "second chance" to get out. According to the fan-theory $2.68 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
There are few to no technical positive signals at the moment. Newcastle Investment Corp 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 $3.37 and $3.73. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 12, 2020, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
DS Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 19 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
DS 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.
DS Stock 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 $0.21 between high and low, or 6.77%. For the last week, the stock has had a daily average volatility of 4.16%.
Newcastle Investment Corp is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.16 %Average volatility
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DS Stock Evaluation
Newcastle Investment Corp 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.
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