The Carlyle Group L.P. Stock Analysis
Technical stock analysis for 23 January 2019
The Carlyle Group L.P. gained 0.45% in the last trading day, rising from $22.05 to $22.15 The price has risen in 7 of the last 10 days and is up by 3.26% over the past 2 weeks. Volume fell in the last day by -2 899 shares, and in total, 42 107 shares bought and sold for approximately $932 670.00. 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.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the TCGP stock was $22.15. This is 0.45% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 1.27% from a day low at $21.89 to a day high of $22.17.
30 day high of the TCGP stock price was $22.17 and low was $19.23.
90 day high was $22.33 and low was $19.05.
52 week high for the The Carlyle Group L.P. - $24.58 and low - $19.05.
The Carlyle Group L.P. has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $21.30, a level that may pose a second chance to hit a runner. According to fan-theory $23.51 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
The Carlyle Group L.P. 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 $21.99 and $20.84. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday December 24, 2018, 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 also not.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
The stock holds a RSI14 at 84 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $20.37 and $20.00.
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, The Carlyle Group L.P. finds support just below today's level at $20.37. If this is broken, then the next support from accumulated volume will be at $20.00 and $19.45.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.28 between high and low, or 1.27%. For the last week the stock has had a daily average volatility of 1.14%.
The stock is extremely overbought on RSI14 (84). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stoploss: $21.03 (-5.05%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from pivot bottom found 19 days ago.)
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Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.