Medley LLC 7.25% Notes due 2024 Forecast and Stock Analysis
Technical MDLQ stock analysis for March 19, 2019.
Medley LLC 7.25% Notes due 2024 fell by -3.86% in the last day from $14.20 to $13.65 and has now fallen 7 days in a row. The price has fallen in 9 of the last 10 days and is down by -22.09% for this period. Volume has increased in the last day by 37 061 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 66 554 shares bought and sold for approximately $908 462.00.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the MDLQ stock was $13.65. This is 3.86% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 6.52% from a day low at $13.28 to a day high of $14.15.
30 day high of the MDLQ stock price was $21.28 and low was $13.28.
90 day high was $24.24 and low was $13.28.
52 week high for the Medley LLC 7.25% Notes due 2024 - $25.57 and low - $13.28.
Medley LLC 7.25% Notes due 2024 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 -28.25% during the next 3 months and, with 90% probability hold a price between $8.82 and $13.64 at the end of this period.
There are few to none technical positive signals at the moment. Medley LLC 7.25% Notes due 2024 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 $15.15 and $18.48. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday March 05, 2019, which indicates further falls until a new bottom pivot has been found. Medley LLC 7.25% Notes due 2024 gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 19 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.87 between high and low, or 6.52%. For the last week, the stock has had a daily average volatility of 6.35%.
Medley LLC 7.25% Notes due 2024 is oversold on RSI14 (19). 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.
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Evaluation: Strong Sell Candidate
Medley LLC 7.25% Notes due 2024 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.