Radio One Inc Forecast and Stock Analysis
Technical UONE stock analysis for March 22, 2019.
No changes to the price of Radio One Inc in the last trading day. The price has fallen in 4 of the last 10 days and is down by -3.69% for this period.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the UONE stock was $2.09.
During day the stock fluctuated 0.00% from a day low at $2.09 to a day high of $2.09.
30 day high of the UONE stock price was $2.32 and low was $2.00.
90 day high was $2.89 and low was $1.89.
52 week high for the Radio One Inc - $4.85 and low - $1.70.
Given the current horizontal trend you can expect Radio One Inc with 90% probability to be traded between $1.85 and $2.46 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.
A buy signal was issued from a pivot bottom point on Tuesday March 19, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Radio One Inc 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 $2.12 and $2.21. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 26 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Radio One Inc finds support from accumulated volume at $2.01.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Radio One Inc is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Radio One Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.