Points International Forecast and Stock Analysis
Technical PCOM stock analysis for February 15, 2019.
Points International gained 1.30% in the last trading day, rising from $10.74 to $10.88 The price has risen in 6 of the last 10 days and is up by 2.16% over the past 2 weeks. Volume fell in the last day by -21 629 shares, and in total, 28 239 shares bought and sold for approximately $307 240.00. 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PCOM stock was $10.88. This is 1.3% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.43% from a day low at $10.72 to a day high of $10.98.
30 day high of the PCOM stock price was $11.12 and low was $8.30.
90 day high was $11.50 and low was $8.30.
52 week high for the Points International - $18.48 and low - $8.30.
Points International is the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $11.02 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Points International with 90% probability to be traded between $8.89 and $10.95 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.
Points International 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 $10.79 and $10.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 64 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 $10.26 and $10.05.
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, Points International finds support just below today's level at $10.26. If this is broken, then the next support from accumulated volume will be at $10.05 and $9.96.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.26 between high and low, or 2.43%. For the last week the stock has had a daily average volatility of 2.36%.
Our recommended stoploss: $10.32 (-5.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.