Fri 19'th Jan 2018
Stein Mart Stock Analysis
Technical stock analysis for Fri 19'th Jan 2018
|Shorts||18.92% ( 2017-12-29 )|
Stein Mart lies in the middle of a very wide and weak 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 8.47% during the next 3 months and, with 90% probability hold a price between $1.12 and $1.43 at the end of this period.
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. Stein Mart 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 $1.15 and $1.18. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday January 18, 2018, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Stein Mart finds support from accumulated volume at $1.14. On the upside the stock meets some resistance just above today's level from accumulated volume at $1.16, $1.17 and $1.18.
The stock is about to test the resistance from accumulated volume at $1.16 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.02 (1.77%) between high and low. For the last week, the stock has had a daily average volatility of 2.67%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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