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Real Goods Solar Forecast and Stock Analysis
Technical RGSE stock analysis for April 18, 2019.
Real Goods Solar fell by -23.39% in the last day from $0.11 to $0.08 and has now fallen 4 days in a row. The price has been going up and down for this period, and there has been a -47.48% loss for the last 2 weeks. Volume has increased in the last day by 3.19 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 5.89 million shares bought and sold for approximately $491 646.00.
Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the RGSE stock was $0.08. This is 23.39% less than the trading day before Wednesday, 17th Apr 2019.
During day the stock fluctuated 54.42% from a day low at $0.07 to a day high of $0.11.
30 day high of the RGSE stock price was $0.34 and low was $0.07.
90 day high was $0.54 and low was $0.07.
52 week high for the Real Goods Solar - $1.64 and low - $0.07.
Real Goods Solar lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.07 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -66.99% during the next 3 months and, with 90% probability hold a price between $0.02 and $0.07 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 $0.14 and $0.25. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday March 29, 2019, 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 11 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
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.
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 $0.04 between high and low, or 54.42%. For the last week, the stock has had a daily average volatility of 29.03%.
Real Goods Solar is overbought on RSI14 (11). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
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.
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|RGSE $0.08 ($-0.03 -23.39%)|
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