Power Integrations Forecast and Stock Analysis
Technical POWI stock analysis for February 15, 2019.
Power Integrations gained 1.65% in the last trading day, rising from $70.28 to $71.44 The price has risen in 7 of the last 10 days and is up by 7.24% over the past 2 weeks. Volume fell in the last day by -149 186 shares, and in total, 115 839 shares bought and sold for approximately $8.28 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the POWI stock was $71.44. This is 1.65% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.00% from a day low at $70.07 to a day high of $71.47.
30 day high of the POWI stock price was $72.91 and low was $59.96.
90 day high was $72.91 and low was $55.24.
52 week high for the Power Integrations - $80.50 and low - $47.35.
Power Integrations lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $72.57 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 15.56% during the next 3 months and, with 90% probability hold a price between $70.44 and $83.87 at the end of this period.
Only positive signals in the chart today. Power Integrations 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 $70.04 and $64.39. 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. 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
Power Integrations finds support from accumulated volume at $71.40.
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 $1.40 between high and low, or 2.00%. For the last week, the stock has had a daily average volatility of 3.06%.
Our recommended stoploss: $68.46 (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, 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.