OSTK - Overstock.com

Industry: Catalog & Mail Order Houses Sector: Services Exchange: NASDAQ

Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE 3.25%
PRICE $34.90
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Overstock.com Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Buy candidate since 2017-10-10 Gain 24.20%

Overstock.com gained 3.25% in the last trading day, rising from $33.80 to $34.90 The price has risen in 7 of the last 10 days and is up by 21.82% over the past 2 weeks. Volume fell in the last day by -0.46 million shares, and in total, 1.48 million shares bought and sold for approximately $51.73 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Overstock.com has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $34.18, a level that may pose a second chance to hit a runner. According to fan-theory $40.34 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Signals

Only positive signals in the chart today. Overstock.com 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 $31.54 and $27.19. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 10, 2017, 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.

Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Support & Resistance

Overstock.com finds support from accumulated volume at $33.80. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Support: $33.80 Price: $34.90

Risk

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 $2.25 between high and low, or 6.86%. For the last week, the stock has had a daily average volatility of 8.40%.

Our recommended stoploss: $33.37 (-4.38%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 7 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Overstock.com holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape, 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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