Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Monday June 24, 2019 Change -1.52% Price $28.53
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Social Sentiment for SLP

Today's data is from 1 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.82

Will SLP stock price go up or down on Wed, 26 Jun 2019?

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Simulations Plus Forecast and Stock Analysis

Technical SLP stock analysis for Monday June 24, 2019.

Buy candidate since 2019-04-26 Gain 27.94%


Simulations Plus fell by -1.52% in the last day ( Monday, 24th Jun 2019 ) from $28.97 to $28.53 During day the stock fluctuated 6.80% from a day low at $28.07 to a day high of $29.98. The price has risen in 6 of the last 10 days and is up by 6.57% over the past 2 weeks. 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 -268 271 shares and in total 121 085 shares bought and sold for approximately $3.45 million.

Quick summary:

  • 30 day high of the SLP stock price was $29.98 and low was $24.08.
  • 90 day high was $29.98 and low was $19.74.
  • 52 week high for the Simulations Plus - $29.98 and low - $16.70.

Trend

Simulations Plus lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $29.09 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 36.34% during the next 3 months and, with 90% probability hold a price between $35.51 and $39.67 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Simulations Plus 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 $27.83 and $25.50. 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 Friday June 21, 2019, 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.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 79 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.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $25.82 and $25.55.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Simulations Plus finds support just below today's level at $25.82. If this is broken, then the next support from accumulated volume will be at $25.55 and $22.61.

Support: $25.82 Price: $28.53 Resistance: $28.97

Risk

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 $1.91 between high and low, or 6.80%. For the last week, the stock has had a daily average volatility of 4.54%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $27.23 (-4.57%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

4.54 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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. 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 Buy Candidate.

Buy Candidate Downgraded
Weaker Buy Today SLP ranks #910 as BUY CANDIDATE #910 Stronger Buy

Will SLP stock price go up or down on Wed, 26 Jun 2019?

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