Fri 23'rd Feb 2018
Inovalon Holdings Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||13.19% ( 2018-01-31 )|
|Cash||2 066.7 mill|
|Loans||1 003.3 mill|
Inovalon Holdings 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 -23.30% during the next 3 months and, with 90% probability hold a price between $8.85 and $10.01 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday February 21, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Inovalon Holdings 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 $12.26 and $13.17. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
Inovalon Holdings finds support from accumulated volume at $11.70. On the upside the stock meets some resistance from accumulated volume at $12.50, $13.65 and $14.05.
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 $0.60 (5.17%) between high and low. For the last week, the stock has had a daily average volatility of 5.14%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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