SRT - StarTek Inc

Industry: Business Services Sector: Services | Exchange: NYSE

Sell Candidate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -0.69%
PRICE $11.48
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

BOLLINGER
Sell
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StarTek Inc Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Sell candidate since 2017-09-20 Loss -0.69%

StarTek Inc fell by -0.69% in the last day from $11.56 to $11.48 The price has been going up and down for this period, and there has been a -2.55% loss for the last 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 -32 908 shares and in total 34 703 shares bought and sold for approximately $398 390.

Trend

StarTek Inc lies in the middle of a 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 -10.90% during the next 3 months and, with 90% probability hold a price between $9.40 and $11.71 at the end of this period.

Signals

Some negative signals were issued as well, and these may have some influence on the near short-term development. StarTek 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 $11.72. On a fall, the stock will find some support from the short-term average at $11.26. 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. A sales signal was issued from a pivot top point on Wednesday September 20, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

The stock had a Golden Star Signal* on Wednesday April 12, 2017 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 41 and the stock is currently not being overbought or oversold

Support & Resistance

StarTek Inc finds support from accumulated volume at $11.23. On the upside the stock meets some resistance just above today's level from accumulated volume at $11.90, $12.11 and $12.35.

The stock is about to test the resistance from accumulated volume at $11.90 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $11.23 Price: $11.48 Resistance: $11.90
S: $11.23 Price: $11.48 R: $11.90

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

StarTek Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate

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