Tile Shop Hldgs Forecast and Stock Analysis
Technical TTS stock analysis for March 15, 2019.
No changes to the price of Tile Shop Hldgs in the last trading day. The price has risen in 5 of the last 10 days , but is still down by -3.96% for this period.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the TTS stock was $6.07.
During day the stock fluctuated 2.86% from a day low at $5.95 to a day high of $6.12.
30 day high of the TTS stock price was $7.58 and low was $5.89.
90 day high was $7.99 and low was $5.25.
52 week high for the Tile Shop Hldgs - $9.50 and low - $5.20.
Tile Shop Hldgs lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $5.91 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 8.35% during the next 3 months and, with 90% probability hold a price between $6.40 and $8.61 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday March 13, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Tile Shop Hldgs holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $6.10 and $6.66. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 47 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 $5.75 and $5.66.
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, Tile Shop Hldgs finds support just below today's level at $5.75. If this is broken, then the next support from accumulated volume will be at $5.66 and $5.48.
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 $0.17 between high and low, or 2.86%. For the last week, the stock has had a daily average volatility of 3.54%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Tile Shop Hldgs stock holds several negative signals and despite the positive trend we believe Tile Shop Hldgs will perform weak in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell Candidate.