Today TIK ranks # as BUY CANDIDATE.
Today TIK ranks # as BUY CANDIDATE.

TIK stock Tel-Instrument Electronics Corp

TIK stock
Tel-Instrument Electronics Corp

April 24, 2019
Change -1.69%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will TIK stock price go up or down on Fri, 26 Apr 2019?

Tel-Instrument Electronics Corp Forecast and Stock Analysis

Technical TIK stock analysis for April 24, 2019.

Buy candidate since 2019-04-24
Shorts 0.54% ( 2019-02-15 )
Cash n/a
Loans n/a
Beta 1.43
ROA -21.64

Tel-Instrument Electronics Corp fell by -1.69% in the last day from $2.95 to $2.90 and has now fallen 3 days in a row. The price has risen in 5 of the last 10 days and is up by 1.75% over the past 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 -3 296 shares and in total 407 shares bought and sold for approximately $1 180.30.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the TIK stock was $2.90. This is 1.69% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 3.57% from a day low at $2.80 to a day high of $2.90.

30 day high of the TIK stock price was $3.00 and low was $2.55.
90 day high was $6.00 and low was $2.50.
52 week high for the Tel-Instrument Electronics Corp - $6.00 and low - $2.20.

Trend

Tel-Instrument Electronics Corp lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -48.57% during the next 3 months and, with 90% probability hold a price between $0.63 and $1.65 at the end of this period.

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Signals

Tel-Instrument Electronics Corp holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $2.84 and $2.87. 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 Monday April 22, 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.

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A buy signal from a double bottom formation was found on Monday April 15, 2019 with a target of $2.75. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $2.75 and $2.71.

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 $2.75. If this is broken, then the next support from accumulated volume will be at $2.71 and $2.63.

Support: $2.75 Price: $2.90 Resistance: $2.91

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $2.75 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Today TIK ranks # as BUY CANDIDATE.
Today TIK ranks # as BUY CANDIDATE.