Real Goods Solar Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Sell candidate since 2017-07-20 Loss -6.45%

Real Goods Solar fell by -1.14% in the last day from $0.88 to $0.87 The price has fallen in 7 of the last 10 days and is down by -6.29% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -75 840 shares and in total 39 606 shares bought and sold for approximately $34 457.

Trend

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 -25.59% during the next 3 months and, with 90% probability hold a price between $0.48 and $0.80 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Monday July 24, 2017, 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 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 $0.90 and $0.91. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Support & Resistance

Real Goods Solar finds support from accumulated volume at . On the upside the stock meets some resistance from accumulated volume at $1.00, $1.03 and $1.04.

Risk

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 $0.03 between high and low, or 3.53%. For the last week the stock has had a daily average volatility of 5.58%.

Real Goods Solar is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Evaluation

Real Goods Solar holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.