Weaker Buy Today MODN ranks #500 as BUY CANDIDATE. Stronger Buy
Today MODN ranks #500 as BUY CANDIDATE.

MODN stock Model N Inc

MODN stock
Model N Inc

March 15, 2019
Change 0.84%
Chart period: 2018-12-17 - 2019-03-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will MODN stock price go up or down on Tue, 19 Mar 2019?

Model N Inc Forecast and Stock Analysis

Technical MODN stock analysis for March 15, 2019.

Buy candidate since 2019-03-08 Gain 0.36%
Shorts 3.63% ( 2019-02-28 )
Cash n/a
Loans n/a
Beta 0.57
ROA -16.46

Model N Inc gained 0.84% in the last trading day, rising from $16.76 to $16.90 The price has fallen in 6 of the last 10 days and is down by -2.82% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 152 709 more shares were traded than the day before. In total, 266 410 shares bought and sold for approximately $4.50 million.

Close price at the end of the last trading day (Friday, 15th Mar 2019) of the MODN stock was $16.90. This is 0.84% more than the trading day before Thursday, 14th Mar 2019.

During day the stock fluctuated 1.44% from a day low at $16.68 to a day high of $16.92.

30 day high of the MODN stock price was $17.44 and low was $16.13.
90 day high was $17.44 and low was $12.98.
52 week high for the Model N Inc - $20.33 and low - $12.60.

Trend

Model N Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $16.74 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 33.78% during the next 3 months and, with 90% probability hold a price between $22.39 and $25.12 at the end of this period.

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Signals

Only positive signals in the chart today. Model N Inc 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 $16.88 and $16.44. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Thursday March 14, 2019 and based on theory for this formation the price should go up by 1.04% to $17.78 within 17 trading days since signal was issued (Monday April 08, 2019).

Relative Strength Index (RSI)

RSI14 is 37 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 $13.57 and $13.23.

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, Model N Inc finds support just below today's level at $13.57. If this is broken, then the next support from accumulated volume will be at $13.23 and $13.10.

Support: $13.57 Price: $16.90 Resistance: $17.10

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.24 (1.44%) between high and low. For the last week, the stock has had a daily average volatility of 1.77%.

Our recommended stoploss: $15.87 (-6.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Model N Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today MODN ranks #500 as BUY CANDIDATE. Stronger Buy
Today MODN ranks #500 as BUY CANDIDATE.