SMTC Corporation Forecast and Stock Analysis
Technical SMTX stock analysis for Friday May 24, 2019.
|Price to book||USD 2.45|
|Next Earnings Date||2019-07-30|
SMTC Corporation gained 1.42% in the last trading day ( Friday, 24th May 2019 ), rising from $3.53 to $3.58 During day the stock fluctuated 8.29% from a day low at $3.50 to a day high of $3.79. The price has been going up and down for this period, and there has been a -8.21% loss for the last 2 weeks. Volume fell in the last day by -22 833 shares, and in total, 113 008 shares bought and sold for approximately $404 569.00. 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.
- 30 day high of the SMTX stock price was $3.99 and low was $3.31.
- 90 day high was $5.74 and low was $3.20.
- 52 week high for the SMTC Corporation - $5.98 and low - $2.30.
SMTC Corporation lies in the middle of a very wide and 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 -25.86% during the next 3 months and, with 90% probability hold a price between $1.91 and $3.18 at the end of this period.
SMTC Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $3.58. On a fall, the stock will find some support from the long-term average at approximately $3.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday May 23, 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 38 and the stock is currently not being overbought or oversold
Support & Resistance
SMTC Corporation finds support from accumulated volume at $3.44.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.29 between high and low, or 8.29%. For the last week the stock has had a daily average volatility of 4.97%.
Our recommended stoploss: $3.38 (-5.71%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
4.97 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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