Tue 23'rd May 2017
Medley Management Inc Stock Analysis
Technical stock analysis for Tue 23'rd May 2017
Sell candidate since 2017-05-17 Loss -9.16%
Medley Management Inc lies in the middle of a wide and strong 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 -32.7% during the next 3 months and, with 90% probability hold a price between USD 3.77 and USD 4.60 at the end of this period.
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 USD 6.26 and USD 7.26. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday May 22, 2017, which indicates further falls until a new bottom pivot has been found. Medley Management Inc 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)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
Medley Management Inc finds support from accumulated volume at USD 5.90. On the upside the stock meets some resistance from accumulated volume at USD 6.75, USD 6.30 and USD 6.60.
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 USD 0.25 between high and low, or 4.27%. For the last week, the stock has had a daily average volatility of 5.56%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Medley Management Inc holds several negative signals and is within a wide and strong 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.