VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

SSY Forecast and Technical Stock Analysis

Hold candidate since 2019-07-17 Gain 2.70%

SunLink Health Systems, Inc gained 2.70% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $1.48 to $1.52 During day the stock fluctuated 3.37% from a day low at $1.48 to a day high of $1.53. The price has risen in 5 of the last 10 days and is up by 1.33% over the past 2 weeks. Volume fell in the last day by -121 shares, and in total, 803 shares bought and sold for approximately $1 220.56. 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.

Quick summary:

  • 30 day high of the SSY stock price was $1.55 and low was $1.45.
  • 90 day high was $1.70 and low was $1.34.
  • 52 week high for the SunLink Health Systems, Inc - $1.70 and low - $0.81.
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Trend

SunLink Health Systems, Inc lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.55 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.31% during the next 3 months and, with 90% probability hold a price between $1.22 and $1.42 at the end of this period.

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Signals

SunLink Health Systems, 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 $1.50 and $1.48. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

A buy signal from a double bottom formation was found on Wednesday July 17, 2019 and based on theory for this formation the price should go up by 0.10% to $1.58 within 3 trading days since signal was issued (Monday July 22, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 53 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

SunLink Health Systems, Inc finds support from accumulated volume at $1.49.

Support: $1.49 Price: $1.52 Resistance: $1.56

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $1.45 (-4.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

1.99 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

SunLink Health Systems, Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Will SSY stock price go up or down on Mon, 22 Jul 2019?

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