180 Degree Capital Corp Forecast and Stock Analysis
Technical TURN stock analysis for February 15, 2019.
180 Degree Capital Corp gained 1.99% in the last trading day, rising from $1.90 to $1.94 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days , but is still down by -0.16% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2 977 more shares were traded than the day before. In total, 27 711 shares bought and sold for approximately $53 670.70.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the TURN stock was $1.94. This is 1.99% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.94% from a day low at $1.90 to a day high of $1.94.
30 day high of the TURN stock price was $2.12 and low was $1.87.
90 day high was $2.12 and low was $1.72.
52 week high for the 180 Degree Capital Corp - $2.50 and low - $1.72.
Given the current horizontal trend you can expect 180 Degree Capital Corp with 90% probability to be traded between $1.74 and $2.09 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
180 Degree Capital Corp holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $1.91 and $1.92. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday February 12, 2019, which indicates further gains until a new top pivot has been found. 180 Degree Capital Corp has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
180 Degree Capital Corp finds support from accumulated volume at $1.90.
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 $0.04 (1.94%) between high and low. For the last week, the stock has had a daily average volatility of 2.32%.
Our recommended stoploss: $1.83 (-5.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
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180 Degree Capital Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.