Telaria Inc Forecast and Stock Analysis
Technical TLRA stock analysis for February 15, 2019.
|Shorts||4.97% ( 2019-01-31 )|
No changes to the price of Telaria Inc in the last trading day. The price has been going up and down for this period, and there has been a 0.63% gain for the last 2 weeks.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the TLRA stock was $3.19.
During day the stock fluctuated 2.84% from a day low at $3.17 to a day high of $3.26.
30 day high of the TLRA stock price was $3.32 and low was $3.11.
90 day high was $3.50 and low was $2.56.
52 week high for the Telaria Inc - $5.16 and low - $2.19.
Telaria Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.25% during the next 3 months and, with 90% probability hold a price between $3.15 and $3.84 at the end of this period.
Telaria Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $3.20. On a fall, the stock will find some support from the long-term average at approximately $3.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 55 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 $2.97 and $2.80.
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, Telaria Inc finds support just below today's level at $2.97. If this is broken, then the next support from accumulated volume will be at $2.80 and $2.60.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.09 (2.84%) between high and low. For the last week, the stock has had a daily average volatility of 2.97%.
Our recommended stoploss: $3.06 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 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.