MDLY - Medley Management Inc

| Exchange: NYSE

Sell Candidate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -2.42%
PRICE $6.05
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

BOLLINGER
Buy
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Medley Management Inc Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Sell candidate since 2017-09-20 Loss -2.42%

Medley Management Inc fell by -2.42% in the last day from $6.20 to $6.05 The price has risen in 5 of the last 10 days and is up by 1.68% over the past 2 weeks. 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 -51 010 shares and in total 7 597 shares bought and sold for approximately $45 962.

Trend

Medley Management Inc lies in the middle of a 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 -9.17% during the next 3 months and, with 90% probability hold a price between $4.99 and $5.75 at the end of this period.

Signals

There are few to none technical positive signals at the moment. Medley Management Inc 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 $6.11 and $6.13. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday September 20, 2017, which indicates further falls until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

A sell signal from a double top formation was found on Monday September 18, 2017 and based on theory for this formation the price should fall by -0.16% to $5.99 within 3 trading days since signal was issued (Thursday September 21, 2017).

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Support & Resistance

Medley Management Inc finds support from accumulated volume at $5.95. On the upside the stock meets some resistance just above today's level from accumulated volume at $6.25, $6.45 and $6.60.

The stock is about to test the resistance from accumulated volume at $6.25 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $5.95 Price: $6.05 Resistance: $6.25
S: $5.95 Price: $6.05 R: $6.25

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

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

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Medley Management Inc holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate

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