SSY.L Forecast and Technical Stock Analysis
Sell candidate since 2019-08-16
SunLink Health Systems, Inc fell by -0.40% in the last day ( Friday, 16th Aug 2019 ) from £2.51 to £2.50 During the day the stock fluctuated 1.63% from a day low at £2.46 to a day high of £2.50. The price has been going up and down for this period, and there has been a -0.4% loss for the last 2 weeks. 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 -12 689 shares and in total 22 426 shares bought and sold for approximately £56 065.00.
- 30 day high of the SSY.L stock price was £2.54 and low was £2.46.
- 90 day high was £2.54 and low was £1.80.
- 52 week high for SunLink Health Systems, Inc - £186.50 and low - £1.34.
SunLink Health Systems, Inc lies in the lower part of a 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 £2.41 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 24.39% during the next 3 months and, with 90% probability hold a price between £2.99 and £3.64 at the end of this period.
There are few to none technical positive signals at the moment. SunLink Health Systems, Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £2.51 and £2.51. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday June 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 33 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 behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £2.13 and £2.04.
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 £2.13. If this is broken, then the next support from accumulated volume will be at £2.04 and £1.97.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.21 %Average volatility
Very Low Low Medium High Very High
The SunLink Health Systems, Inc stock holds several negative signals and despite the positive trend we believe SunLink Health Systems, Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!