Orchids Paper Products Company Forecast and Stock Analysis
Technical TIS stock analysis for February 15, 2019.
|Shorts||3.81% ( 2019-01-31 )|
No changes to the price of Orchids Paper Products Company in the last trading day. The price has risen in 7 of the last 10 days and is up by 6.8% over the past 2 weeks.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the TIS stock was $1.10.
During day the stock fluctuated 5.56% from a day low at $1.08 to a day high of $1.14.
30 day high of the TIS stock price was $1.47 and low was $0.96.
90 day high was $2.43 and low was $0.60.
52 week high for the Orchids Paper Products Company - $11.64 and low - $0.60.
Orchids Paper Products Company lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.86% during the next 3 months and, with 90% probability hold a price between $0.37 and $1.40 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Orchids Paper Products Company holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.10. On a fall, the stock will find some support from the short-term average at $1.07. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. 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 63 and the stock is currently not being overbought or oversold
Support & Resistance
Orchids Paper Products Company finds support from accumulated volume at $1.08.
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 $0.06 between high and low, or 5.56%. For the last week the stock has had a daily average volatility of 6.44%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Orchids Paper Products Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. 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 Sell Candidate.