REXX - Rex Energy Corporation Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Buy candidate since 2017-02-27
Rex Energy Corporation Stock Analysis
Rex Energy Corporation gained 3.77% in the last trading day, rising from USD 0.61 to USD 0.63. The price has fallen in 5 of the last 10 days , but is still up by 1.93% over the past 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 12 982 more shares were traded than the day before. In total, 861 417 shares bought and sold for approximately USD 542 693.
Rex Energy Corporation lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 0.61 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.0% during the next 3 months and, with 90% probability hold a price between USD 0.82 and USD 1.33 at the end of this period.
Rex Energy Corporation 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 USD 0.65 and USD 0.66. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday February 24, 2017, which indicates further gains until a new top pivot has been found. Rex Energy Corporation has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 50 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 USD 0.57 and USD 0.52. On the upside the stock meets some resistance from accumulated volume at USD 0.74, USD 0.79 and USD 0.73.
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, Rex Energy Corporation finds support just below today's level at 0.57. If this is broken, then the next support from accumulated volume will be at 0.52 and 0.50.
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 USD 0.04 between high and low, or 6.78%. For the last week, the stock has had a daily average volatility of 8.21%.
Our recommended stoploss: USD 0.59 (-6.35%) ( criteria: risk and closeness to support from trendline.)
Several of the signals/indicators are negative, and we believe this will hoave some effect on the development for the next days and possible weeks. However, for the entire period will still think today's level holds possible buying-opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.