Pointer Telocation Ltd. Forecast and Stock Analysis
Technical PNTR stock analysis for February 15, 2019.
Pointer Telocation Ltd. gained 1.35% in the last trading day, rising from $13.36 to $13.54 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days , but is still down by -0.78% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1 340 more shares were traded than the day before. In total, 1 986 shares bought and sold for approximately $26 890.40.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PNTR stock was $13.54. This is 1.35% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.41% from a day low at $13.50 to a day high of $13.69.
30 day high of the PNTR stock price was $13.96 and low was $12.59.
90 day high was $14.43 and low was $11.39.
52 week high for the Pointer Telocation Ltd. - $17.50 and low - $10.25.
Pointer Telocation Ltd. lies in the middle of a 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 17.85% during the next 3 months and, with 90% probability hold a price between $15.27 and $18.05 at the end of this period.
Pointer Telocation Ltd. holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $13.16 and $13.29. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 2019, which indicates further gains until a new top pivot has been found. Pointer Telocation Ltd. has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
* 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 53 and the stock is currently not being overbought or oversold
Support & Resistance
Pointer Telocation Ltd. finds support from accumulated volume at $13.25.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.19 (1.41%) between high and low. For the last week, the stock has had a daily average volatility of 1.63%.
Our recommended stoploss: $12.96 (-4.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
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Pointer Telocation Ltd. 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.