Synergy Resources Corp Forecast and Stock Analysis
Technical SRCI stock analysis for April 24, 2019.
|Shorts||5.88% ( 2019-03-29 )|
Synergy Resources Corp fell by -4.26% in the last day from $6.58 to $6.30 and has now fallen 3 days in a row. The price has risen in 6 of the last 10 days and is up by 6.6% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3.96 million shares and in total 3.72 million shares bought and sold for approximately $23.41 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the SRCI stock was $6.30. This is 4.26% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 5.19% from a day low at $6.27 to a day high of $6.59.
30 day high of the SRCI stock price was $6.99 and low was $4.77.
90 day high was $6.99 and low was $4.01.
52 week high for the Synergy Resources Corp - $13.32 and low - $4.01.
Synergy Resources Corp 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 35.74% during the next 3 months and, with 90% probability hold a price between $7.34 and $9.12 at the end of this period.
Synergy Resources Corp 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 $6.46. On a fall, the stock will find some support from the long-term average at approximately $5.51. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday April 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $4.93 and $4.88.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Synergy Resources Corp finds support just below today's level at $4.93. If this is broken, then the next support from accumulated volume will be at $4.88 and $4.77.
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 $0.33 between high and low, or 5.19%. For the last week, the stock has had a daily average volatility of 4.42%.
Our recommended stoploss: $5.87 (-6.77%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 days ago.)
Very Low Low Medium High Very High
Synergy Resources Corp 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|SRCI $6.30 ($-0.28 -4.26%)|
SRCI is down $0.28 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for SRCI based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the SRCI analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us