Fri 20'th Jul 2018
Overstock.com Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||6.04% ( 2018-06-29 )|
Overstock.com fell by -3.12% in the last day from $40.05 to $38.80 The price has risen in 7 of the last 10 days and is up by 5.43% over the past 2 weeks. 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 -1.06 million shares and in total 1.56 million shares bought and sold for approximately $60.41 million.
Given the current horizontal trend you can expect Overstock.com with 90% probability to be traded between $29.32 and $43.13 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Overstock.com holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $39.66. On a fall, the stock will find some support from the long-term average at approximately $36.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday July 17, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
Overstock.com finds support from accumulated volume at $37.65.
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 $2.15 between high and low, or 5.57%. For the last week, the stock has had a daily average volatility of 8.17%.
Our recommended stoploss: $36.13 (-6.89%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 3 days ago.)
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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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.Click for Top 5 Hold/Accumulates
|OSTK $38.80 $-1.25(-3.12%)|
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