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SRT - StarTek Inc Mon 27'th Feb 2017

Industry: Business Services Sector: Services
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Hold/Accumulate

Score: -0.36

#3752 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 87.18%
Risk: Medium
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Stock analysis for Mon 27'th Feb 2017 (Updated daily)

Hold candidate since 2017-02-23

Loss -2.29%

StarTek Inc Stock Analysis


StarTek Inc fell by -1.65% in the last day, from USD 9.11 to USD 8.96. , and has now fallen 4 day in a row The price has fallen in 7 of the last 10 days , but is still up by 3.7% 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 -6 135 shares and in total, 26 088 shares bought and sold for approx. USD 233 748.

Trend

Given the current horizontal trend you can expect StarTek Inc with 90% probability to be traded between USD 8.31 and USD 9.46 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

StarTek Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 8.86 and USD 8.67. A break down below any of these levels will issue sell signals. 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 Wednesday February 22, 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 Tuesday January 03, 2017 in the short-term 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 52 and the stock is currently not being overbought or oversold

Support & Resistance

StarTek Inc finds support from accumulated volume at USD 8.63, USD 8.45, and USD 8.28. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 8.97, USD 9.37 and USD 8.99.

The stock is about to test the resistance from accumulated volume at USD 8.97 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

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

Our recommended stoploss: USD 8.51 (-5.02%) ( criteria: risk and position in trend)

Evaluation

StarTek 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 a hold or accumulate position awaiting further development.

Hold/Accumulate


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