MIND C.T.I. Ltd. Forecast and Stock Analysis
Technical MNDO stock analysis for Friday May 17, 2019.
|Price to book||USD 1.98|
|Next Earnings Date||n/a|
MIND C.T.I. Ltd. fell by -0.47% in the last day ( Friday, 17th May 2019 ) from $2.15 to $2.14 During day the stock fluctuated 1.90% from a day low at $2.11 to a day high of $2.15. The price has fallen in 5 of the last 10 days and is down by -1.38% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -31 509 shares and in total 7 140 shares bought and sold for approximately $15 279.60.
- 30 day high of the MNDO stock price was $2.24 and low was $2.10.
- 90 day high was $2.49 and low was $2.09.
- 52 week high for the MIND C.T.I. Ltd. - $2.50 and low - $2.08.
MIND C.T.I. Ltd. lies the upper part of a 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 $2.17 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 -12.92% during the next 3 months and, with 90% probability hold a price between $1.70 and $1.89 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 15, 2019, 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. MIND C.T.I. Ltd. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.14 and $2.16. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
MIND C.T.I. Ltd. finds support from accumulated volume at $2.13.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
MIND C.T.I. Ltd. is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.90 %Average volatility
Very Low Low Medium High Very High
MIND C.T.I. Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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