PNTR Forecast and Technical Stock Analysis
Hold candidate since 2019-08-23
Pointer Telocation Ltd. fell by -0.07% in the last day ( Friday, 23rd Aug 2019 ) from $14.21 to $14.20 During the day the stock fluctuated 0.28% from a day low at $14.20 to a day high of $14.24. The price has fallen in 9 of the last 10 days and is down by -7.25% for this period. Volume has increased in the last day by 2 979 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 8 659 shares bought and sold for approximately $122 958.00.
- 30 day high of the PNTR stock price was $15.85 and low was $12.36.
- 90 day high was $15.85 and low was $12.36.
- 52 week high for Pointer Telocation Ltd. - $16.16 and low - $11.11.
Pointer Telocation Ltd. has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $14.40 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to none technical positive signals at the moment. Pointer Telocation Ltd. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $14.34 and $14.99. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday August 02, 2019, which indicates further falls until a new bottom pivot has been found. Pointer Telocation Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
* 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 13 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Pointer Telocation Ltd. finds support from accumulated volume at $14.15.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.04 (0.28%) between high and low. For the last week, the stock has had daily average volatility of 1.95%.
Pointer Telocation Ltd. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.
Our recommended stop-loss: $13.47 (-5.11%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 13 which reduces the risk some. There is a sell signal from pivot top found 15 day(s) ago.)
1.95 %Average volatility
Very Low Low Medium High Very High
Pointer Telocation Ltd. holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|PNTR $14.20 ($-0.01 -0.07%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!