B. Riley Financial Inc. 7.50% Senior Notes Forecast and Stock Analysis
Technical RILYL stock analysis for March 25, 2019.
B. Riley Financial Inc. 7.50% Senior Notes fell by -0.10% in the last day from $25.30 to $25.27 The price has fallen in 6 of the last 10 days and is down by -0.35% 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 -2 310 shares and in total 7 686 shares bought and sold for approximately $194 225.00.
Close price at the end of the last trading day (Monday, 25th Mar 2019) of the RILYL stock was $25.27. This is 0.1% less than the trading day before Friday, 22nd Mar 2019.
During day the stock fluctuated 0.16% from a day low at $25.26 to a day high of $25.30.
30 day high of the RILYL stock price was $25.54 and low was $25.20.
90 day high was $25.72 and low was $24.02.
52 week high for the B. Riley Financial Inc. 7.50% Senior Notes - $25.80 and low - $22.90.
B. Riley Financial Inc. 7.50% Senior Notes is the lower part of a narrow and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $25.23 will give a strong sales 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 $25.39 and $26.02 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.
A buy signal was issued from a pivot bottom point on Wednesday March 20, 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. B. Riley Financial Inc. 7.50% Senior Notes 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 $25.28 and $25.35. A break-up above any of these levels will issue buy signals. 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)
RSI14 is 34 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 $25.22.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $23.68 (-6.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
Very Low Low Medium High Very High
B. Riley Financial Inc. 7.50% Senior Notes holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.