Sohu.com Inc. Forecast and Stock Analysis
Technical SOHU stock analysis for March 15, 2019.
Sohu.com Inc. gained 3.25% in the last trading day, rising from $18.77 to $19.38 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -2.42% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 23 016 more shares were traded than the day before. In total, 439 796 shares bought and sold for approximately $8.52 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the SOHU stock was $19.38. This is 3.25% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 5.33% from a day low at $18.67 to a day high of $19.66.
30 day high of the SOHU stock price was $21.85 and low was $17.68.
90 day high was $22.71 and low was $16.51.
52 week high for the Sohu.com Inc. - $42.12 and low - $15.89.
Sohu.com Inc. 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 8.54% during the next 3 months and, with 90% probability hold a price between $19.56 and $25.26 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday March 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Sohu.com Inc. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $20.29. On a fall, the stock will find some support from the short-term average at $18.76. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
Sohu.com Inc. finds support from accumulated volume at $18.64.
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 $1.00 between high and low, or 5.33%. For the last week, the stock has had a daily average volatility of 4.55%.
Our recommended stoploss: $18.47 (-4.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
Very Low Low Medium High Very High
Sohu.com Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.