Silicon Graphics International Corp Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Silicon Graphics International Corp in the last trading day. The price has been going up and down for this period, and there has been a -18.75% loss for the last 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the SGI.L stock was £3.25.
During day the stock fluctuated 0.00% from a day low at £3.25 to a day high of £3.25.
30 day high of the SGI.L stock price was £4.00 and low was £3.25.
90 day high was £4.25 and low was £3.25.
52 week high for the Silicon Graphics International Corp - £5.60 and low - £3.25.
Silicon Graphics International Corp lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £3.25 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.55% during the next 3 months and, with 90% probability hold a price between £3.17 and £4.07 at the end of this period.
There are mixed signals in the stock today. Silicon Graphics International 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 £3.57 and £3.88. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday January 21, 2019, which indicates further gains until a new top pivot has been found.
Relative Strength Index (RSI)
RSI14 is 14 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 5.88%.
Silicon Graphics International Corp is overbought on RSI14 (14). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Silicon Graphics International Corp 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.