USA Technologies, Inc Stock Analysis
Technical stock analysis for 18 January 2019
USA Technologies, Inc fell by -0.49% in the last day from $19.55 to $19.45 and has now fallen 3 days in a row. The price has risen in 5 of the last 10 days and is up by 11.17% over the past 2 weeks. Volume has increased in the last day by 360 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 460 shares bought and sold for approximately $8 949.25.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the USATP stock was $19.45. This is 0.49% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 0.49% from a day low at $19.45 to a day high of $19.55.
30 day high of the USATP stock price was $20.20 and low was $16.98.
90 day high was $20.89 and low was $16.04.
52 week high for the USA Technologies, Inc - $27.82 and low - $16.04.
USA Technologies, Inc lies the upper part of a very wide and falling 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 $19.92 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.74% during the next 3 months and, with 90% probability hold a price between $13.51 and $17.78 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday January 16, 2019, which indicates further falls until a new bottom pivot has been found. USA Technologies, Inc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued. USA Technologies, 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 $19.50. On a fall, the stock will find some support from the long-term average at approximately $18.38. 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.
Relative Strength Index (RSI)
The stock holds a RSI14 at 76 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 $18.14 and $17.13.
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, USA Technologies, Inc finds support just below today's level at $18.14. If this is broken, then the next support from accumulated volume will be at $17.13 and $16.93.
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 $0.10 between high and low, or 0.49%. For the last week, the stock has had a daily average volatility of 0.64%.
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. Regardless, the high RSI together with the trend position 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: $18.66 (-4.09%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)
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USA Technologies, 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.