Fri 19'th Jan 2018
ViaSat Stock Analysis
Technical stock analysis for Fri 19'th Jan 2018
|Shorts||31.18% ( 2017-12-29 )|
|Loans||2 718.3 mill|
ViaSat lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.93% during the next 3 months and, with 90% probability hold a price between $89.06 and $96.11 at the end of this period.
Only positive signals in the chart today. ViaSat 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 $76.83 and $74.07. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 10, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
The stock holds a RSI14 at 74 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 $72.90 and $70.00. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.
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, ViaSat finds support just below today's level at $72.90. If this is broken, then the next support from accumulated volume will be at $70.00 and $64.90.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.98 (1.25%) between high and low. For the last week, the stock has had a daily average volatility of 1.88%.
Our recommended stoploss: $76.28 (-3.50%) (This stock has low daily movements and this gives low risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)
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ViaSat holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
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