MARK - Remark Media

Industry: Internet Information Providers Sector: Technology Exchange: NASDAQ

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 1.91%
PRICE $3.20
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Remark Media Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-08-17 Loss -13.51%
Shorts 18.68% ( 2018-08-31 )
Cash 16.0 mill
Loans 40.9 mill
Beta 1.88
ROA -118.23

Remark Media gained 1.91% in the last trading day, rising from $3.14 to $3.20 The price has fallen in 6 of the last 10 days and is down by -4.76% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 42 999 more shares were traded than the day before. In total, 225 577 shares bought and sold for approximately $721 846.00.

Trend

Remark Media 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 -28.23% during the next 3 months and, with 90% probability hold a price between $1.87 and $2.50 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

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. Remark Media 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. Remark Media 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 $3.49. On a fall, the stock will find some support from the short-term average at $3.18. 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.

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A buy signal from a double bottom formation was found on Monday September 17, 2018 and based on theory for this formation the price should go up by 0.09% to $3.24 within 7 trading days since signal was issued (Wednesday September 26, 2018).

Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Remark Media finds support from accumulated volume at $3.18.

Support: $3.18 Price: $3.20 Resistance: $3.60

Risk

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 $0.28 between high and low, or 8.97%. For the last week, the stock has had a daily average volatility of 6.49%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Remark Media 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Sell Candidate

Click for Top 5 Sell Candidates
MARK $3.20 $0.06(1.91%)
MARK is up $0.06 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for MARK based on the 1-3 month system that more than doubles the S&P 500.

Click here – the MARK analysis is free »
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