Technical Communications Corp Stock Analysis
Technical stock analysis for 22 January 2019
Technical Communications Corp fell by -1.87% in the last day from $2.68 to $2.63 and has now fallen 4 days in a row. The price has fallen in 6 of the last 10 days and is down by -6.22% for this period. Volume has increased in the last day by 835 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, 15 835 shares bought and sold for approximately $41 641.30.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the TCCO stock was $2.63. This is 1.87% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 6.88% from a day low at $2.57 to a day high of $2.74.
30 day high of the TCCO stock price was $2.90 and low was $2.47.
90 day high was $4.15 and low was $2.47.
52 week high for the Technical Communications Corp - $10.90 and low - $2.47.
Technical Communications Corp lies in the middle of a very 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 -34.66% during the next 3 months and, with 90% probability hold a price between $1.37 and $1.85 at the end of this period.
There are few to none technical positive signals at the moment. Technical Communications Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.73 and $2.92. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday January 11, 2019, which indicates further falls until a new bottom pivot has been found. Technical Communications Corp 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 48 and the stock is currently not being overbought or oversold
Support & Resistance
Technical Communications Corp finds support from accumulated volume at $2.56.
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 $0.18 between high and low, or 6.88%. For the last week, the stock has had a daily average volatility of 6.19%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Technical Communications Corp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.