Tue 18'th Sep 2018
New Concept Energy, Inc Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||1.05% ( 2018-08-31 )|
New Concept Energy, Inc gained 3.50% in the last trading day, rising from $2.00 to $2.07 The price has fallen in 6 of the last 10 days and is down by -6.33% for this period. Volume fell in the last day by -174 283 shares, and in total, 48 735 shares bought and sold for approximately $100 881.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
New Concept Energy, Inc lies in the middle of a very 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 -12.28% during the next 3 months and, with 90% probability hold a price between $0.26 and $6.97 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday September 17, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. New Concept Energy, Inc 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 $2.25. On a fall, the stock will find some support from the short-term average at $2.02. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
New Concept Energy, Inc finds support from accumulated volume at $2.00.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.11 between high and low, or 5.56%. For the last week the stock has had a daily average volatility of 8.63%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
New Concept Energy, Inc 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
|Get a PRO membership|
To Reveal Top 5 Sell Candidates
Follow Auto Portfolios gaining up to 30%.
Disclaimer: There is no guarantee against any loss. Your capital is at risk.
Click to become a PRO member