Resolute Energy Corp Forecast and Stock Analysis
Technical REN stock analysis for February 15, 2019.
|Shorts||14.49% ( 2019-01-31 )|
Resolute Energy Corp gained 1.47% in the last trading day, rising from $32.08 to $32.55 , and has now gained 4 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 and is up by 0.59% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 294 501 more shares were traded than the day before. In total, 694 646 shares bought and sold for approximately $22.61 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the REN stock was $32.55. This is 1.47% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.56% from a day low at $31.98 to a day high of $32.80.
30 day high of the REN stock price was $33.51 and low was $31.39.
90 day high was $36.01 and low was $27.51.
52 week high for the Resolute Energy Corp - $39.28 and low - $24.60.
Resolute Energy Corp lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.46% during the next 3 months and, with 90% probability hold a price between $25.96 and $33.51 at the end of this period.
Only positive signals in the chart today. Resolute Energy Corp 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 $31.99 and $31.44. 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 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Resolute Energy Corp finds support from accumulated volume at $32.15.
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 $0.82 (2.56%) between high and low. For the last week, the stock has had a daily average volatility of 2.21%.
Our recommended stoploss: $30.80 (-5.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, 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.