Radio One Inc Forecast and Stock Analysis
Technical UONE stock analysis for Friday June 14, 2019.
Radio One Inc gained 1.44% in the last trading day ( Friday, 14th Jun 2019 ), rising from $2.08 to $2.11 During day the stock fluctuated 4.46% from a day low at $2.02 to a day high of $2.11. The price has fallen in 6 of the last 10 days , but is still up by 11.05% 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, 2 755 more shares were traded than the day before. In total, 8 039 shares bought and sold for approximately $16 962.30.
- 30 day high of the UONE stock price was $3.28 and low was $1.83.
- 90 day high was $3.28 and low was $1.74.
- 52 week high for the Radio One Inc - $3.60 and low - $1.74.
Radio One Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.02% during the next 3 months and, with 90% probability hold a price between $1.66 and $2.71 at the end of this period.
Radio One Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $2.20. On a fall, the stock will find some support from the long-term average at approximately $2.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday June 13, 2019, which indicates further gains until a new top pivot has been found. Radio One Inc 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 53 and the stock is currently not being overbought or oversold
Support & Resistance
Radio One Inc finds support from accumulated volume at $2.06.
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 $0.09 between high and low, or 4.46%. For the last week, the stock has had a daily average volatility of 24.19%.
Our recommended stoploss: $1.97 (-6.65%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
24.19 %Average volatility
Very Low Low Medium High Very High
Radio One 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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