Tel-Instrument Electronics Corp Forecast and Stock Analysis
Technical TIK stock analysis for February 15, 2019.
|Shorts||0.76% ( 2019-01-31 )|
Tel-Instrument Electronics Corp gained 1.33% in the last trading day, rising from $3.75 to $3.80 The price has fallen in 7 of the last 10 days and is down by -36.67% for this period. Volume fell in the last day by -111 793 shares, and in total, 38 871 shares bought and sold for approximately $147 710.00. 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 (Friday, 15th Feb 2019) of the TIK stock was $3.80. This is 1.33% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 7.20% from a day low at $3.61 to a day high of $3.87.
30 day high of the TIK stock price was $6.00 and low was $3.61.
90 day high was $6.00 and low was $2.32.
52 week high for the Tel-Instrument Electronics Corp - $6.00 and low - $2.05.
Tel-Instrument Electronics Corp has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $3.80. A reaction back to this level may hold a second chance to get out before further falls.
A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, 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. Tel-Instrument Electronics 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 $4.44 and $4.76. A break-up above any of these levels will issue buy signals. 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.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $3.26 and $3.20.
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, Tel-Instrument Electronics Corp finds support just below today's level at $3.26. If this is broken, then the next support from accumulated volume will be at $3.20 and $3.09.
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 $0.26 between high and low, or 7.20%. For the last week the stock has had a daily average volatility of 10.72%.
Tel-Instrument Electronics Corp is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Tel-Instrument Electronics Corp stock holds several negative signals and despite the positive trend we believe Tel-Instrument Electronics Corp will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.