TeleNav Forecast and Stock Analysis
Technical TNAV stock analysis for April 24, 2019.
No changes to the price of TeleNav in the last trading day. The price has fallen in 6 of the last 10 days and is down by -4.52% for this period.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the TNAV stock was $6.33.
During day the stock fluctuated 2.54% from a day low at $6.29 to a day high of $6.45.
30 day high of the TNAV stock price was $6.87 and low was $5.72.
90 day high was $7.00 and low was $3.89.
52 week high for the TeleNav - $7.00 and low - $3.35.
TeleNav 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 $6.08 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 35.89% during the next 3 months and, with 90% probability hold a price between $8.26 and $10.34 at the end of this period.
TeleNav 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 $6.33 and $6.25. 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 Tuesday April 23, 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".
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
TeleNav finds support from accumulated volume at $6.09.
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 $0.16 between high and low, or 2.54%. For the last week the stock has had a daily average volatility of 4.27%.
Our recommended stoploss: $6.06 (-4.34%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 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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|TNAV $6.33 ($0.00 0.00%)|
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