Sysorex Global Forecast and Stock Analysis
Technical INPX stock analysis for February 15, 2019.
Sysorex Global fell by -2.60% in the last day from $1.54 to $1.50 The price has fallen in 7 of the last 10 days and is down by -31.19% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -281 085 shares and in total 448 313 shares bought and sold for approximately $672 470.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the INPX stock was $1.50. This is 2.6% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 10.49% from a day low at $1.43 to a day high of $1.58.
30 day high of the INPX stock price was $2.80 and low was $1.30.
90 day high was $7.25 and low was $1.30.
52 week high for the Sysorex Global - $116.00 and low - $0.18.
Sysorex Global 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 -46.31% during the next 3 months and, with 90% probability hold a price between $0.36 and $1.70 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday February 12, 2019, 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. Sysorex Global 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 $1.61 and $2.48. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Sysorex Global finds support from accumulated volume at $1.47.
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 $0.15 between high and low, or 10.49%. For the last week the stock has had a daily average volatility of 18.59%.
Sysorex Global is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
Sysorex Global holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.