VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

SACH Forecast and Technical Stock Analysis

Buy candidate since 2019-07-09 Gain 5.66%

Sachem Capital Corp gained 0.90% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $5.55 to $5.60 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During day the stock fluctuated 4.59% from a day low at $5.45 to a day high of $5.70. The price has risen in 7 of the last 10 days and is up by 9.59% over the past 2 weeks. Volume fell in the last day by -35 198 shares, and in total, 156 463 shares bought and sold for approximately $876 193.00. 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.

Quick summary:

  • 30 day high of the SACH stock price was $5.70 and low was $5.02.
  • 90 day high was $5.70 and low was $4.36.
  • 52 week high for the Sachem Capital Corp - $5.70 and low - $3.80.
Top Trending Stocks

Trend

Sachem Capital Corp lies in the middle of a wide and strong 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 19.96% during the next 3 months and, with 90% probability hold a price between $6.27 and $6.96 at the end of this period.

Top Golden Star Stocks

Signals

Sachem Capital Corp 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 $5.40 and $5.23. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday July 11, 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)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 62 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Sachem Capital Corp finds support from accumulated volume at $5.40.

Support: $5.40 Price: $5.60

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Since the Sachem Capital Corp has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $5.40 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)

3.32 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Downgraded

Evaluation

Sachem Capital Corp holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Will SACH stock price go up or down on Mon, 22 Jul 2019?

Predict
Trading With Moving Average
As an investor, you always seek to understand what other... Full Article
Pivot Points
Pivot Points refer to points of significant change. As a... Full Article
Accumulated Volume - Support and Resistance
Volume is perhaps the best indicator of all and should... Full Article
Volume - The Indicator You Really Need to Know
Many new traders getting into the world of technical analysis... Full Article
We Give Back!
In 2016 StockInvest.us donated to NGO Goodwill projects to help purchase medical... Full Article
Better Buy: Amazon vs. Facebook
Amazon's stock slipped 21% over the past six months, as... Full Article

Proudly made at

ROCKIT