Friday June 14, 2019 Change -5.21% Price $2.33
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will SSNT stock price go up or down on Mon, 17 Jun 2019?

Predict

SILVERSUN TECH Forecast and Stock Analysis

Technical SSNT stock analysis for Friday June 14, 2019.

Sell candidate since 2019-06-03 Loss -12.29%


SILVERSUN TECH fell by -5.21% in the last day ( Friday, 14th Jun 2019 ) from $2.46 to $2.33 During day the stock fluctuated 7.39% from a day low at $2.30 to a day high of $2.47. The price has fallen in 6 of the last 10 days and is down by -22.85% for this period. Volume has increased in the last day by 14 977 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 16 756 shares bought and sold for approximately $39 041.50.

Quick summary:

  • 30 day high of the SSNT stock price was $3.49 and low was $2.20.
  • 90 day high was $3.49 and low was $2.20.
  • 52 week high for the SILVERSUN TECH - $4.56 and low - $2.00.

Trend

SILVERSUN TECH lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $2.15 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.57% during the next 3 months and, with 90% probability hold a price between $1.75 and $2.53 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. SILVERSUN TECH holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.34 and $2.57. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday June 13, 2019, which indicates further falls until a new bottom pivot has been found. SILVERSUN TECH gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 46 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

SILVERSUN TECH finds support from accumulated volume at $2.30.

Support: $2.30 Price: $2.33 Resistance: $2.43

Risk

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 $0.17 between high and low, or 7.39%. For the last week, the stock has had a daily average volatility of 4.84%.

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

4.84 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

SILVERSUN TECH holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate Downgraded

Will SSNT stock price go up or down on Mon, 17 Jun 2019?

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank