SilverBow Resorces Inc Forecast and Stock Analysis
Technical SBOW stock analysis for February 15, 2019.
|Shorts||6.74% ( 2019-01-31 )|
SilverBow Resorces Inc gained 2.74% in the last trading day, rising from $22.24 to $22.85 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a -7.11% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 9 027 more shares were traded than the day before. In total, 28 171 shares bought and sold for approximately $643 707.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SBOW stock was $22.85. This is 2.74% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.35% from a day low at $22.38 to a day high of $23.13.
30 day high of the SBOW stock price was $25.15 and low was $22.04.
90 day high was $26.66 and low was $20.95.
52 week high for the SilverBow Resorces Inc - $34.76 and low - $20.95.
Given the current horizontal trend you can expect SilverBow Resorces Inc with 90% probability to be traded between $20.82 and $25.33 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 February 13, 2019, which indicates further gains until a new top pivot has been found. SilverBow Resorces Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. SilverBow Resorces Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $24.06. On a fall, the stock will find some support from the short-term average at $22.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
SilverBow Resorces Inc finds support from accumulated volume at $22.43.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.75 between high and low, or 3.35%. For the last week, the stock has had a daily average volatility of 2.92%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
SilverBow Resorces Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.