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MARK - Remark Media

Industry: Internet Information Providers Sector: Technology Exchange: NASDAQ

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 1.28%
PRICE $5.53
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Remark Media Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-15

Remark Media gained 1.28% in the last trading day, rising from $5.46 to $5.53 The price has risen in 6 of the last 10 days and is up by 21.54% over the past 2 weeks. Volume fell in the last day by -325 420 shares, and in total, 265 959 shares bought and sold for approximately $0.00. 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.

Shorts 9.34% ( 2018-05-31 )
Cash 23.2 mill
Loans 81.8 mill
Beta 1.89
ROA -107.46

Trend

Remark Media lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $5.86 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -31.35% during the next 3 months and, with 90% probability hold a price between $2.33 and $4.02 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Remark Media holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $5.35 and $5.38. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday June 14, 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. 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 62 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 $5.32.

Support: $5.32 Price: $5.53 Resistance: $5.68

Risk

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 $0.26 between high and low, or 4.85%. For the last week the stock has had a daily average volatility of 9.83%.

Our recommended stoploss: $5.21 (-5.76%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

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