B. Riley Financial Inc. 7.50% Senior Notes Stock Analysis
Technical stock analysis for 18 January 2019
B. Riley Financial Inc. 7.50% Senior Notes gained 0.22% in the last trading day, rising from $25.30 to $25.36 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days , but is still down by -0.23% for this period. Volume fell in the last day by -4 812 shares, and in total, 5 871 shares bought and sold for approximately $148 859.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the RILYL stock was $25.36. This is 0.22% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 0.42% from a day low at $25.26 to a day high of $25.37.
30 day high of the RILYL stock price was $25.72 and low was $22.90.
90 day high was $25.72 and low was $22.90.
52 week high for the B. Riley Financial Inc. 7.50% Senior Notes - $26.00 and low - $22.90.
Given the current horizontal trend you can expect B. Riley Financial Inc. 7.50% Senior Notes with 90% probability to be traded between $23.68 and $25.31 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
B. Riley Financial Inc. 7.50% Senior Notes holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $25.42. On a fall, the stock will find some support from the long-term average at approximately $25.23. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday January 16, 2019, 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
B. Riley Financial Inc. 7.50% Senior Notes finds support from accumulated volume at $24.95.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $24.03 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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B. Riley Financial Inc. 7.50% Senior Notes 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.