Travelzoo Inc. Stock Analysis
Technical stock analysis for 18 January 2019
Travelzoo Inc. gained 4.50% in the last trading day, rising from $12.00 to $12.54 , and has now gained 3 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 and is up by 27.31% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 35 173 more shares were traded than the day before. In total, 77 781 shares bought and sold for approximately $975 374.00.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the TZOO stock was $12.54. This is 4.5% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 6.43% from a day low at $11.82 to a day high of $12.58.
30 day high of the TZOO stock price was $12.58 and low was $7.56.
90 day high was $12.58 and low was $7.00.
52 week high for the Travelzoo Inc. - $21.15 and low - $5.95.
Travelzoo Inc. lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $13.22 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 13.98% during the next 3 months and, with 90% probability hold a price between $9.41 and $15.07 at the end of this period.
Travelzoo Inc. 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 $11.65 and $9.43. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 03, 2019, which indicates further gains until a new top pivot has been found. Travelzoo Inc. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
The stock holds a RSI14 at 78 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $11.28 and $10.90.
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, Travelzoo Inc. finds support just below today's level at $11.28. If this is broken, then the next support from accumulated volume will be at $10.90 and $9.83.
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 $0.76 between high and low, or 6.43%. For the last week, the stock has had a daily average volatility of 6.51%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trendposition increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $11.88 (-5.27%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from pivot bottom found 11 days ago.)
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Travelzoo Inc. 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. 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 Hold/Accumulate.
|TZOO $12.54 $0.54(4.50%)|
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