Simulations Plus Forecast and Stock Analysis
Technical SLP stock analysis for March 18, 2019.
Simulations Plus gained 0.29% in the last trading day, rising from $20.51 to $20.57 The price has risen in 6 of the last 10 days , but is still down by -0.15% for this period. Volume fell in the last day by -36 108 shares, and in total, 25 172 shares bought and sold for approximately $517 788.00. 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 (Monday, 18th Mar 2019) of the SLP stock was $20.57. This is 0.29% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 1.97% from a day low at $20.35 to a day high of $20.75.
30 day high of the SLP stock price was $21.66 and low was $19.77.
90 day high was $21.66 and low was $17.18.
52 week high for the Simulations Plus - $23.95 and low - $14.25.
Simulations Plus lies in the middle of a wide and strong 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 10.47% during the next 3 months and, with 90% probability hold a price between $21.67 and $24.42 at the end of this period.
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 $20.36 and $20.08. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday March 12, 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. 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 also not.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Simulations Plus finds support from accumulated volume at $20.06.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $19.57 (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
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Evaluation: Strong Buy Candidate
Simulations Plus holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.