Buy Score Rank #966 out of #5176
Wed 26'th Jul 2017
Select Comfort Corporation Stock Analysis
Technical stock analysis for Wed 26'th Jul 2017
Buy candidate since 2017-07-25 Gain 1.62%
Select Comfort Corporation lies in the middle of a wide and 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 7.98% during the next 3 months and, with 90% probability hold a price between $32.73 and $39.28 at the end of this period.
Only positive signals in the chart today. Select Comfort Corporation 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 $32.39 and $32.20. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 24, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Select Comfort Corporation finds support from accumulated volume at . On the upside the stock meets some resistance from accumulated volume at $35.60, $33.18 and $32.99.
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 $0.63 between high and low, or 1.96%. For the last week, the stock has had a daily average volatility of 2.59%.
Our recommended stoploss: $30.91 (-5.39%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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