Wed 17'th Oct 2018
Shotspotter Inc Stock Analysis
Technical stock analysis for Wed 17'th Oct 2018
|Shorts||4.24% ( 2018-09-28 )|
Shotspotter Inc fell by -0.86% in the last day from $42.90 to $42.53 The price has fallen in 7 of the last 10 days and is down by -18.9% for this period. 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 -17 422 shares and in total 134 800 shares bought and sold for approximately $5.73 million.
Shotspotter Inc 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 $40.64 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 19.14% during the next 3 months and, with 90% probability hold a price between $48.42 and $79.26 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Shotspotter Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $54.37. On a fall, the stock will find some support from the short-term average at $41.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 15 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
Support & Resistance
Shotspotter Inc finds support from accumulated volume at $40.81.
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 $2.57 between high and low, or 6.34%. For the last week, the stock has had a daily average volatility of 5.96%.
Shotspotter Inc is overbought on RSI14 (15). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Shotspotter Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Click for Top 5 Sell Candidates
|SSTI $42.53 $-0.37(-0.86%)|
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