UNAM Forecast and Technical Stock AnalysisSell candidate since 2019-07-18 Loss -0.84%
Unico American Corp fell by -0.84% in the last day ( Friday, 19th Jul 2019 ) from $5.95 to $5.90 and has now fallen 3 days in a row. During day the stock fluctuated 0.34% from a day low at $5.90 to a day high of $5.92. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -329 shares and in total 300 shares bought and sold for approximately $1 770.00.
- 30 day high of the UNAM stock price was $6.29 and low was $5.90.
- 90 day high was $6.29 and low was $5.90.
- 52 week high for the Unico American Corp - $8.15 and low - $5.19.
Unico American Corp is at the lower part of a horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $5.90 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect Unico American Corp with 90% probability to be traded between $5.87 and $6.26 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.
There are few to none technical positive signals at the moment. Unico American Corp holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $6.14 and $6.08. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 38 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.99 %Average volatility
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