SSTI - Shotspotter Inc

Exchange: NASDAQ

SSTI - Shotspotter Inc

Exchange: NASDAQ
#508()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE 0.72%
PRICE $43.22
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Shotspotter Inc Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Buy candidate since 2018-06-26 Gain 11.91%
Shorts 4.57% ( 2018-06-29 )
Cash 73.9 mill
Loans 13.1 mill
Beta -1.57
ROA -32.97

Shotspotter Inc gained 0.72% in the last trading day, rising from $42.91 to $43.22 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 9.06% over the past 2 weeks. Volume fell in the last day by -29 275 shares, and in total, 138 690 shares bought and sold for approximately $5.99 million. 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.

Trend

Shotspotter Inc lies in the middle of a very 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 52.68% during the next 3 months and, with 90% probability hold a price between $57.27 and $72.35 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Shotspotter 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 $42.13 and $38.45. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 16, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $39.98 and $39.62.

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, Shotspotter Inc finds support just below today's level at $39.98. If this is broken, then the next support from accumulated volume will be at $39.62 and $36.37.

Support: $39.98 Price: $43.22

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 $2.01 between high and low, or 4.83%. For the last week, the stock has had a daily average volatility of 5.06%.

Our recommended stoploss: $41.53 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate

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SSTI $43.22 $0.31(0.72%)
SSTI is up $0.31 today, but where's it headed in August?
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