Southwest Georgia Financial Corp Forecast and Stock Analysis
Technical SGB stock analysis for February 15, 2019.
|Shorts||1.88% ( 2019-01-31 )|
Southwest Georgia Financial Corp gained 2.49% in the last trading day, rising from $20.05 to $20.55 The price has fallen in 4 of the last 10 days and is down by -2.7% for this period. Volume fell in the last day by -2 248 shares, and in total, 652 shares bought and sold for approximately $13 398.60. 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SGB stock was $20.55. This is 2.49% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.24% from a day low at $20.50 to a day high of $20.55.
30 day high of the SGB stock price was $22.45 and low was $20.05.
90 day high was $23.50 and low was $20.02.
52 week high for the Southwest Georgia Financial Corp - $26.04 and low - $19.80.
Southwest Georgia Financial Corp lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.33% during the next 3 months and, with 90% probability hold a price between $16.82 and $19.28 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday February 14, 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. Southwest Georgia Financial Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $20.65 and $20.94. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
Southwest Georgia Financial Corp finds support from accumulated volume at $20.28.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Southwest Georgia Financial Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.