Real Goods Solar Forecast and Stock Analysis
Technical RGSE stock analysis for February 15, 2019.
| Shorts | n/a |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.72 |
| ROA | -204.18 |
Real Goods Solar fell by -5.80% in the last day from $0.44 to $0.41 and has now fallen 3 days in a row. The price has fallen in 7 of the last 10 days and is down by -18.15% 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 -1.45 million shares and in total 2.06 million shares bought and sold for approximately $850 629.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the RGSE stock was $0.41. This is 5.8% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 10.39% from a day low at $0.39 to a day high of $0.43.
30 day high of the RGSE stock price was $0.57 and low was $0.33.
90 day high was $0.88 and low was $0.33.
52 week high for the Real Goods Solar - $1.64 and low - $0.30.
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 -19.57% during the next 3 months and, with 90% probability hold a price between $0.26 and $0.51 at the end of this period.
Signals
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 $0.46 and $0.51. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found. 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.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 27 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
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.
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 $0.04 between high and low, or 10.39%. For the last week the stock has had a daily average volatility of 16.98%.
Real Goods Solar is oversold on RSI14 (27). 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.
Overall risk:
Very Low Low Medium High Very High
Evaluation: 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.
