Fri 21'st Apr 2017
Stein Mart Stock Analysis
Technical stock analysis for Fri 21'st Apr 2017
Hold candidate since 2017-04-21
Stein Mart lies in the middle of a very wide and strong falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -33.0% during the next 3 months and, with 90% probability hold a price between USD 1.35 and USD 1.98 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday April 17, 2017, 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. 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 USD 2.53 and USD 2.79. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 27 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Stein Mart finds support from accumulated volume at USD 2.49, USD 2.46. On the upside the stock meets some resistance from accumulated volume at USD 2.98, USD 2.86 and USD 2.94.
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 USD 0.06 between high and low, or 2.43%. For the last week, the stock has had a daily average volatility of 5.35%.
Stein Mart is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: USD 2.35 (-6.53%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 27 which reduces the risk some. There is a buy signal from pivot bottom found 4 days ago.)