Fri 20'th Apr 2018
Real Goods Solar Stock Analysis
Technical stock analysis for Fri 20'th Apr 2018
Real Goods Solar gained 0.35% in the last trading day, rising from $0.98 to $0.98 The price has been going up and down for this period, and there has been a 11.88% gain for the last 2 weeks. Volume fell in the last day by -190 608 shares, and in total, 66 372 shares bought and sold for approximately $65 343. 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.
|Shorts||4.69% ( 2018-03-29 )|
Real Goods Solar 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 -28.15% during the next 3 months and, with 90% probability hold a price between $0.52 and $0.79 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 19, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Real Goods Solar holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.02. On a fall, the stock will find some support from the short-term average at $0.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 49 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 $0.89 and $0.86. On the upside the stock meets some resistance just above today's level from accumulated volume at $1.02, $1.17 and $1.19.
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, Real Goods Solar finds support just below today's level at $0.89. If this is broken, then the next support from accumulated volume will be at $0.86 and $0.79. The stock is about to test the resistance from accumulated volume at $1.02 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.06 between high and low, or 6.19%. For the last week the stock has had a daily average volatility of 15.18%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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