Orchids Paper Products Company Forecast and Stock Analysis
Technical TIS stock analysis for April 23, 2019.
|Shorts||7.33% ( 2019-03-15 )|
No changes to the price of Orchids Paper Products Company in the last trading day. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
Close price at the end of the last trading day (Tuesday, 23rd Apr 2019) of the TIS stock was $1.24.
During day the stock fluctuated 0.00% from a day low at $1.24 to a day high of $1.24.
30 day high of the TIS stock price was $1.31 and low was $1.21.
90 day high was $1.50 and low was $0.96.
52 week high for the Orchids Paper Products Company - $7.63 and low - $0.60.
Orchids Paper Products Company lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.22 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.85% during the next 3 months and, with 90% probability hold a price between $1.45 and $1.91 at the end of this period.
Orchids Paper Products Company 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 $1.24 and $1.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 29, 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $1.10 and $1.08.
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, Orchids Paper Products Company finds support just below today's level at $1.10. If this is broken, then the next support from accumulated volume will be at $1.08 and $1.03.
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 $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.00%.
Our recommended stoploss: $1.17 (-6.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 16 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and 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.
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|TIS $1.24 ($0.00 0.00%)|
TIS is down $0.00 today, but where's it headed in 2019?
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