SACH Forecast and Technical Stock AnalysisBuy 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.
- 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.
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.
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.
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
Very Low Low Medium High Very High
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.
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