SunLink Health Systems, Inc Forecast and Stock Analysis
Technical SSY stock analysis for February 21, 2019.
|Shorts||0.23% ( 2019-01-31 )|
SunLink Health Systems, Inc gained 3.20% in the last trading day, rising from $1.25 to $1.29 The price has risen in 6 of the last 10 days and is up by 6.61% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 922 more shares were traded than the day before. In total, 7 357 shares bought and sold for approximately $9 490.53.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the SSY stock was $1.29. This is 3.2% more than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 2.34% from a day low at $1.28 to a day high of $1.31.
30 day high of the SSY stock price was $1.35 and low was $1.12.
90 day high was $1.44 and low was $0.97.
52 week high for the SunLink Health Systems, Inc - $2.02 and low - $0.81.
SunLink Health Systems, Inc lies in the middle of a 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 18.38% during the next 3 months and, with 90% probability hold a price between $1.37 and $1.62 at the end of this period.
Only positive signals in the chart today. 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 $1.25 and $1.21. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 20, 2019, which indicates further gains until a new top pivot has been found. SunLink Health Systems, Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 58 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 $1.14 and $1.03.
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, SunLink Health Systems, Inc finds support just below today's level at $1.14. If this is broken, then the next support from accumulated volume will be at $1.03 and $0.98.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.03 (2.34%) between high and low. For the last week, the stock has had a daily average volatility of 2.77%.
Our recommended stoploss: $1.23 (-4.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
SunLink Health Systems, Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.