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MJCO Forecast and Technical Stock Analysis
Sell candidate since 2019-09-17 PDF
No changes to the price of Majesco in the last trading day ( Wednesday, 18th Sep 2019 ). During the day the stock fluctuated 2.77% from a day low at $8.31 to a day high of $8.54. The price has fallen in 5 of the last 10 days , but is still up by 1.21% over the past 2 weeks.
- 30 day high of the MJCO stock price was $8.97 and low was $7.73.
- 90 day high was $10.69 and low was $7.54.
- 52 week high for Majesco - $10.69 and low - $6.03.
Majesco 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 -9.49% during the next 3 months and, with 90% probability hold a price between $6.62 and $8.46 at the end of this period.
There are mixed signals in the stock today. Majesco holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $8.60 and $8.49. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday September 17, 2019, which indicates further gains until a new top pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 49 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Majesco finds support from accumulated volume at $8.29.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.72 %Average volatility
Very Low Low Medium High Very High
|MJCO $8.39 ($0.00 0.00%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!