T.A.T. Technologies Ltd Stock Analysis
Technical stock analysis for 18 January 2019
T.A.T. Technologies Ltd fell by -0.38% in the last day from $6.63 to $6.61 The price has been going up and down for this period, and there has been a 8.28% gain for the last 2 weeks. Volume has increased in the last day by 565 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 565 shares bought and sold for approximately $3 731.82.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the TATT stock was $6.61. This is 0.38% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 0.50% from a day low at $6.57 to a day high of $6.61.
30 day high of the TATT stock price was $6.66 and low was $5.85.
90 day high was $7.35 and low was $5.85.
52 week high for the T.A.T. Technologies Ltd - $11.15 and low - $5.85.
T.A.T. Technologies Ltd lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.62% during the next 3 months and, with 90% probability hold a price between $5.19 and $6.38 at the end of this period.
T.A.T. Technologies Ltd 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 $6.52 and $6.42. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday January 17, 2019, which indicates further falls until a new bottom pivot has been found. T.A.T. Technologies Ltd gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
T.A.T. Technologies Ltd finds support from accumulated volume at $6.55.
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 (0.50%) between high and low. For the last week, the stock has had a daily average volatility of 2.50%.
Our recommended stoploss: $6.39 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
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T.A.T. Technologies Ltd 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.