Shotspotter Inc Forecast and Stock Analysis
Technical SSTI stock analysis for March 19, 2019.
Shotspotter Inc gained 4.92% in the last trading day, rising from $39.60 to $41.55 , and has now gained 3 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 fallen in 7 of the last 10 days and is down by -12.36% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6 511 more shares were traded than the day before. In total, 99 943 shares bought and sold for approximately $4.15 million.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the SSTI stock was $41.55. This is 4.92% more than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 6.62% from a day low at $39.40 to a day high of $42.01.
30 day high of the SSTI stock price was $51.97 and low was $37.29.
90 day high was $51.97 and low was $26.55.
52 week high for the Shotspotter Inc - $66.14 and low - $23.52.
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 $39.51 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 38.15% during the next 3 months and, with 90% probability hold a price between $54.58 and $78.25 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. Volume is rising along with the price. This is considered to be a good technical signal. 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 $45.94. On a fall, the stock will find some support from the short-term average at $41.37. 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.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $38.98 and $38.13.
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 $38.98. If this is broken, then the next support from accumulated volume will be at $38.13 and $34.88.
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 $2.61 between high and low, or 6.62%. For the last week, the stock has had a daily average volatility of 5.68%.
Shotspotter Inc is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
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.