Friday May 17, 2019 Change 26.67% Price $0.00
Chart period: 2019-02-19 - 2019-05-17
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will MJLB stock price go up or down on Mon, 20 May 2019?

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Ultrack Systems Forecast and Stock Analysis

Technical MJLB stock analysis for Friday May 17, 2019.

Hold candidate since 2019-05-17


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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Friday May 10, 2019 and based on theory for this formation the price should go up by 0.00% to $0.00 within 4 trading days since signal was issued (Thursday May 16, 2019).

Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $0.00 Price: $0.00 Resistance: $0.00

Risk

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

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Hold/Accumulate Upgraded

Will MJLB stock price go up or down
on Mon, 20 May 2019?

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