Fri 20'th Jul 2018
New Concept Energy, Inc Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||0.10% ( 2018-06-29 )|
New Concept Energy, Inc gained 0.63% in the last trading day, rising from $3.17 to $3.19 The price has fallen in 6 of the last 10 days and is down by -25.12% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 168 358 more shares were traded than the day before. In total, 508 351 shares bought and sold for approximately $1.62 million.
New Concept Energy, Inc lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $2.12 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 39.56% during the next 3 months and, with 90% probability hold a price between $2.95 and $13.21 at the end of this period.
Only positive signals in the chart today. New Concept Energy, Inc 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 $3.30. On a fall, the stock will find some support from the long-term average at approximately $2.52. 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. A buy signal was issued from a pivot bottom point on Thursday July 19, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
New Concept Energy, Inc finds support from accumulated volume at $3.17.
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 $0.38 between high and low, or 12.18%. For the last week, the stock has had a daily average volatility of 16.74%.
Our recommended stoploss: $3.00 (-5.84%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom 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.Click for Top 5 Buy Candidates
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