MNDO Forecast and Technical Stock Analysis
Hold candidate since 2019-08-19
No changes to the price of MIND C.T.I. Ltd. in the last trading day ( Monday, 19th Aug 2019 ). During the day the stock fluctuated 2.27% from a day low at $2.20 to a day high of $2.25. The price has fallen in 5 of the last 10 days and is down by -0.9% for this period.
- 30 day high of the MNDO stock price was $2.27 and low was $2.14.
- 90 day high was $2.27 and low was $2.13.
- 52 week high for MIND C.T.I. Ltd. - $2.50 and low - $2.09.
MIND C.T.I. Ltd. lies in the middle of a narrow and 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 2.19% during the next 3 months and, with 90% probability hold a price between $2.22 and $2.32 at the end of this period.
There are mixed signals in the stock today. MIND C.T.I. Ltd. holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $2.23 and $2.20. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday August 16, 2019, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 50 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
MIND C.T.I. Ltd. finds support from accumulated volume at $2.19.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.05 (2.27%) between high and low. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: $2.07 (-6.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
2.71 %Average volatility
Very Low Low Medium High Very High
MIND C.T.I. Ltd. 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 further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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!