Ultrack Systems Forecast and Stock Analysis
Technical MJLB stock analysis for Friday May 17, 2019.
Ultrack Systems gained 26.67% in the last trading day ( Friday, 17th May 2019 ), rising from $0.00 to $0.00 During day the stock fluctuated 0.00% from a day low at $0.00 to a day high of $0.00. The price has been going up and down for this period, and there has been a -9.52% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 10 000 more shares were traded than the day before. In total, 10 000 shares bought and sold for approximately $19.00.
- 30 day high of the MJLB stock price was $0.00 and low was $0.00.
- 90 day high was $0.00 and low was $0.00.
- 52 week high for the Ultrack Systems - $0.00 and low - $0.00.
Ultrack Systems lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.00 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.46% during the next 3 months and, with 90% probability hold a price between $0.00 and $0.00 at the end of this period.
Ultrack Systems holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $0.00 and $0.00. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 10, 2019, which indicates further gains until a new top pivot has been found. Ultrack Systems has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.00 and $0.00.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ultrack Systems finds support just below today's level at $0.00. If this is broken, then the next support from accumulated volume will be at $0.00 and $0.00.
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 $0.00 between high and low, or 0.00%. For the last week, the stock has had a daily average volatility of 4.53%.
Our recommended stoploss: $0.00 (-5.93%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 5 days ago.)
4.53 %Average volatility
Very Low Low Medium High Very High
Ultrack Systems holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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