Fri 23'rd Feb 2018
Overstock.com Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||0.97% ( 2018-01-31 )|
Overstock.com lies in the middle of a very wide and 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 12.12% during the next 3 months and, with 90% probability hold a price between $57.32 and $103.29 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday February 22, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Overstock.com holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $69.11. On a fall, the stock will find some support from the short-term average at $63.40. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Overstock.com finds support from accumulated volume at $60.90. On the upside the stock meets some resistance from accumulated volume at $71.25, $73.63 and $75.80.
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 $3.70 between high and low, or 6.06%. For the last week, the stock has had a daily average volatility of 6.90%.
Our recommended stoploss: $60.48 (-5.13%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
Overstock.com 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.
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