RGSE - Real Goods Solar Tue 24'th Jan 2017
Stock analysis for Tue 24'th Jan 2017 (Updated daily)
Sell candidate since 2017-01-24
Real Goods Solar Stock Analysis
Real Goods Solar fell by -14.89% in the last day, from USD 0.23 to USD 0.20. The price has been going up and down for this period, and there has been a -20% loss for the last 2 weeks. Volume increased in the last day by 2.79 million shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 3.80 million shares bought and sold for approximately USD 760 519.
Real Goods Solar lies the upper part of a very wide and strong falling 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 USD 0.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -85.0% during the next 3 months and, with 90% probability hold a price between USD -0.05 and USD 0.03 at the end of this period.
There are few to none technical positive signals at the moment. Real Goods Solar 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 0.23 and USD 0.27. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday January 23, 2017, which indicates further falls until a new bottom pivot has been found. Real Goods Solar gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 32 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 0.21, USD 0.22 and USD 0.24.
The stock is about to test the resistance from accumulated volume at USD 0.21 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.03 between high and low, or 16.16%. For the last week, the stock has had a daily average volatility of 12.29%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Real Goods Solar holds several negative signals and is within a very wide and strong falling trend, so we believe it will still perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.