B. Riley Financial, Inc Forecast and Stock Analysis
Technical RILYZ stock analysis for March 22, 2019.
B. Riley Financial, Inc fell by -0.16% in the last day from $24.94 to $24.90 The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. 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 -46 366 shares and in total 16 707 shares bought and sold for approximately $416 004.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the RILYZ stock was $24.90. This is 0.16% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 0.73% from a day low at $24.76 to a day high of $24.94.
30 day high of the RILYZ stock price was $25.20 and low was $24.44.
90 day high was $25.20 and low was $21.57.
52 week high for the B. Riley Financial, Inc - $25.58 and low - $21.57.
B. Riley Financial, Inc lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.72% during the next 3 months and, with 90% probability hold a price between $25.24 and $26.91 at the end of this period.
B. Riley Financial, Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $24.85 and $24.81. A break down below any of these levels will issue sell signals. 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. 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 46 and the stock is currently not being overbought or oversold
Support & Resistance
B. Riley Financial, Inc finds support from accumulated volume at $24.80.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $23.49 (-5.67%) (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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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.