MDLY - Medley Management Inc Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Buy candidate since 2017-02-24
Medley Management Inc Stock Analysis
Medley Management Inc fell by -0.51% in the last day, from USD 9.85 to USD 9.80. The price has been going up and down for this period, and there has been a 2.62% gain for the last 2 weeks. Volume increased in the last day by 2 145 shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 15 055 shares bought and sold for approximately USD 147 539.
Medley Management Inc lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.7% during the next 3 months and, with 90% probability hold a price between USD 9.42 and USD 10.89 at the end of this period.
Medley Management Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 9.89. On a fall, the stock will find some support from the long-term average at approximately USD 9.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday February 08, 2017, 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. 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 54 and the stock is currently not being overbought or oversold
Support & Resistance
Medley Management Inc finds support from accumulated volume at USD 9.75, USD 9.55, and USD 8.70. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 10.05, USD 10.00 and USD 9.85.
The stock is about to test the resistance from accumulated volume at USD 10.05 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.25 (2.59%) between high and low. For the last week, the stock has had a daily average volatility of 3.00%.
Our recommended stoploss: USD 9.53 (-2.76%) ( based on support and risk)
Several short-term signals, along with a general good trend, are positive and 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.