SILVERSUN TECH Forecast and Stock Analysis
Technical SSNT stock analysis for March 18, 2019.
SILVERSUN TECH gained 3.28% in the last trading day, rising from $3.05 to $3.15 The price has fallen in 7 of the last 10 days and is down by -18.95% for this period. Volume fell in the last day by -19 828 shares, and in total, 1 574 shares bought and sold for approximately $4 958.10. 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.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the SSNT stock was $3.15. This is 3.28% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 12.20% from a day low at $2.95 to a day high of $3.31.
30 day high of the SSNT stock price was $4.36 and low was $2.95.
90 day high was $4.36 and low was $2.00.
52 week high for the SILVERSUN TECH - $4.56 and low - $2.00.
SILVERSUN TECH lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $3.08 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 69.61% during the next 3 months and, with 90% probability hold a price between $5.23 and $8.25 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday March 15, 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. SILVERSUN TECH holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $3.61 and $3.33. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
SILVERSUN TECH finds support from accumulated volume at $3.05.
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 $0.36 between high and low, or 12.20%. For the last week the stock has had a daily average volatility of 12.85%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The SILVERSUN TECH stock holds several negative signals and despite the positive trend we believe SILVERSUN TECH will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.