Tue 18'th Sep 2018
Remark Media Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||18.68% ( 2018-08-31 )|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 36 and the stock is currently not being overbought or oversold
Support & Resistance
Remark Media finds support from accumulated volume at $3.18.
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.
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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.Click for Top 5 Sell Candidates
|MARK $3.20 $0.06(1.91%)|
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