B. Riley Financial Inc. 7.50% Senior Notes Stock Analysis
Technical stock analysis for Tue 15'th Jan 2019
B. Riley Financial Inc. 7.50% Senior Notes gained 0.24% in the last trading day, rising from $25.32 to $25.38 The price has risen in 8 of the last 10 days and is up by 1.03% over the past 2 weeks. Volume fell in the last day by -4 153 shares, and in total, 8 583 shares bought and sold for approximately $217 837.00. 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 (Tuesday, 15th Jan 2019) of the RILYL stock was $25.38. This is 0.24% more than the trading day before Monday, 14th Jan 2019.
During day the stock fluctuated 0.45% from a day low at $25.28 to a day high of $25.39.
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.
B. Riley Financial Inc. 7.50% Senior Notes is the upper part of a horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $25.71 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect B. Riley Financial Inc. 7.50% Senior Notes with 90% probability to be traded between $23.70 and $25.34 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 $25.52. On a fall, the stock will find some support from the long-term average at approximately $25.24. 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 Monday January 14, 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)
The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
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.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $24.08 (-5.14%) (This stock has low daily movements and this gives low risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.