Tue 18'th Sep 2018
L.B. Foster Company Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||1.75% ( 2018-08-31 )|
L.B. Foster Company gained 2.75% in the last trading day, rising from $21.80 to $22.40 The price has fallen in 4 of the last 10 days , but is still up by 1.36% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2 859 more shares were traded than the day before. In total, 27 466 shares bought and sold for approximately $615 238.00.
L.B. Foster Company lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.36% during the next 3 months and, with 90% probability hold a price between $19.57 and $22.82 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday September 13, 2018, which indicates further gains until a new top pivot has been found. L.B. Foster Company has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. L.B. Foster Company holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $23.25. On a fall, the stock will find some support from the short-term average at $21.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
L.B. Foster Company finds support from accumulated volume at $22.35.
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 $1.04 (4.81%) between high and low. For the last week, the stock has had a daily average volatility of 3.22%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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L.B. Foster Company 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.Click for Top 5 Sell Candidates
|FSTR $22.40 $0.60(2.75%)|
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