RGSE - Real Goods Solar
Industry: General Building Materials Sector: Industrial Goods Exchange: NASDAQ
Real Goods Solar Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
| Shorts | 0.59% ( 2018-07-31 ) |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.77 |
| ROA | -97.49 |
Real Goods Solar gained 7.48% in the last trading day, rising from $0.34 to $0.36 The price has been going up and down for this period, and there has been a 12.76% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.96 million more shares were traded than the day before. In total, 2.16 million shares bought and sold for approximately $788 950.00.
Trend
Real Goods Solar has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $0.35, a level that may pose a second chance to hit a runner. According to fan-theory $0.87 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Signals
A buy signal was issued from a pivot bottom point on Thursday August 09, 2018, which indicates further gains until a new top pivot has been found. Real Goods Solar 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. 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 $0.38. On a fall, the stock will find some support from the short-term average at $0.35. 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.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Real Goods Solar finds support from accumulated volume at $0.35.
Risk
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 $0.04 (13.27%) between high and low. For the last week, the stock has had a daily average volatility of 7.38%.
Our recommended stoploss: $0.35 (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation
Real Goods Solar holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
Hold/Accumulate
Click for Top 5 Hold/Accumulates| RGSE $0.36 $0.03(7.48%) |
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