Fri 20'th Jul 2018
Shotspotter Inc Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||4.57% ( 2018-06-29 )|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 66 and the stock is currently not being overbought or oversold
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.
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.)
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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.Click for Top 5 Buy Candidates
|SSTI $43.22 $0.31(0.72%)|
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