Model N Inc Forecast and Stock Analysis
Technical MODN stock analysis for Wednesday May 22, 2019.
|Shorts||3.75% ( 2019-04-15 )|
|Price to book||USD 11.75|
|Next Earnings Date||2019-08-06|
Model N Inc gained 1.35% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $18.52 to $18.77 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 2.44% from a day low at $18.43 to a day high of $18.88. The price has been going up and down for this period, and there has been a -2.44% 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, 46 641 more shares were traded than the day before. In total, 357 683 shares bought and sold for approximately $6.71 million.
- 30 day high of the MODN stock price was $19.48 and low was $17.74.
- 90 day high was $19.48 and low was $16.47.
- 52 week high for the Model N Inc - $20.33 and low - $12.60.
Model N Inc lies in the middle of a strong 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 11.92% during the next 3 months and, with 90% probability hold a price between $20.19 and $21.92 at the end of this period.
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 $18.77 and $18.16. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 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.
Relative Strength Index (RSI)
RSI14 is 59 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 $17.60 and $17.59.
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 $17.60. If this is broken, then the next support from accumulated volume will be at $17.59 and $17.03.
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 $0.45 (2.44%) between high and low. For the last week, the stock has had a daily average volatility of 2.01%.
Our recommended stoploss: $17.79 (-5.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
2.01 %Average volatility
Very Low Low Medium High Very High
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.
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|MODN $18.77 ($0.25 1.35%)|
MODN is up $0.25 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for MODN based on the 1-3 month system that more than doubles the S&P 500.
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