TIK Forecast and Technical Stock Analysis
Hold candidate since 2019-08-16
Tel-Instrument Electronics Corp fell by -2.50% in the last day ( Friday, 16th Aug 2019 ) from $2.80 to $2.73 During the day the stock fluctuated 5.00% from a day low at $2.60 to a day high of $2.73. The price has risen in 5 of the last 10 days and is up by 11.43% over the past 2 weeks. Volume has increased in the last day by 3 815 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, 10 812 shares bought and sold for approximately $29 517.80.
- 30 day high of the TIK stock price was $2.80 and low was $2.20.
- 90 day high was $3.20 and low was $2.20.
- 52 week high for Tel-Instrument Electronics Corp - $6.00 and low - $2.20.
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 $2.79 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 -21.32% during the next 3 months and, with 90% probability hold a price between $1.51 and $2.19 at the end of this period.
Tel-Instrument Electronics Corp 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 $2.49 and $2.46. 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 August 15, 2019, which indicates further falls until a new bottom pivot has been found. Tel-Instrument Electronics 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-offs". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 74 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Tel-Instrument Electronics Corp finds support from accumulated volume at $2.60.
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 $0.13 between high and low, or 5.00%. For the last week, the stock has had a daily average volatility of 9.48%.
Our recommended stop-loss: $2.62 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
9.48 %Average volatility
Very Low Low Medium High Very High
Tel-Instrument Electronics Corp 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 further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!