DSP Group Forecast and Stock Analysis
Technical DSPG stock analysis for March 22, 2019.
DSP Group fell by -1.57% in the last day from $14.01 to $13.79 The price has risen in 6 of the last 10 days and is up by 3.76% over the past 2 weeks. Volume has increased in the last day by 4 748 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, 66 738 shares bought and sold for approximately $920 317.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the DSPG stock was $13.79. This is 1.57% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 2.48% from a day low at $13.73 to a day high of $14.07.
30 day high of the DSPG stock price was $14.52 and low was $12.89.
90 day high was $14.52 and low was $10.54.
52 week high for the DSP Group - $14.52 and low - $10.15.
DSP Group has broken the strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $13.79. A reaction back to this level may hold a second chance to get out before further falls.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday March 14, 2019, which indicates further falls until a new bottom pivot has been found. DSP Group gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". DSP Group holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $14.09. On a fall, the stock will find some support from the long-term average at approximately $13.40. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 49 and the stock is currently not being overbought or oversold
Support & Resistance
DSP Group finds support from accumulated volume at $13.73.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.34 (2.48%) between high and low. For the last week, the stock has had a daily average volatility of 2.44%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
DSP Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. 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 Sell Candidate.