SIRI - Sirius XM Holdings Inc.

Industry: Broadcasting - Radio Sector: Services Exchange: NASDAQ

SIRI - Sirius XM Holdings Inc.

Industry: Broadcasting - Radio Sector: Services Exchange: NASDAQ
#2767/#4902

Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE -0.17%
PRICE $5.74
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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Sirius XM Holdings Inc. Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Hold candidate since 2017-10-18 Loss -0.17%

Sirius XM Holdings Inc. fell by -0.17% in the last day from $5.75 to $5.74 The price has fallen in 6 of the last 10 days . Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -2.68 million shares and in total 8.77 million shares bought and sold for approximately $50.36 million.

Trend

Given the current horizontal trend you can expect Sirius XM Holdings Inc. with 90% probability to be traded between $5.52 and $5.99 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.

Signals

Sirius XM Holdings Inc. 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 $5.72 and $5.59. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday October 18, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

The stock had a Golden Star Signal* on Friday November 04, 2016 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Wednesday October 18, 2017 and based on theory for this formation the price should fall by -0.11% to $5.63 within 9 trading days since signal was issued (Tuesday October 31, 2017).

Relative Strength Index (RSI)

The stock holds a RSI14 at 72 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

Sirius XM Holdings Inc. finds support from accumulated volume at $5.60. On the upside the stock meets some resistance just above today's level from accumulated volume at $5.75, $5.79 and $5.83.

The stock is about to test the resistance from accumulated volume at $5.75 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $5.60 Price: $5.74 Resistance: $5.75

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.06 (1.05%) between high and low. For the last week, the stock has had a daily average volatility of 1.02%.

Our recommended stoploss: $5.52 (-3.87%) (This stock has low daily movements and this gives low risk. The RSI14 is 72 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Sirius XM Holdings Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.

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