Social Sentiment for VSM
Bullish vs. Bearish opinions
Weighted Sentiment -0.33
Versum Materials Inc Forecast and Stock Analysis
Technical VSM stock analysis for April 24, 2019.
|Shorts||1.14% ( 2019-03-29 )|
Versum Materials Inc fell by -0.12% in the last day from $52.11 to $52.05 The price has risen in 5 of the last 10 days and is up by 0.41% over the past 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 -565 934 shares and in total 594 902 shares bought and sold for approximately $30.96 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the VSM stock was $52.05. This is 0.12% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 0.29% from a day low at $52.04 to a day high of $52.19.
30 day high of the VSM stock price was $52.19 and low was $49.41.
90 day high was $52.19 and low was $30.06.
52 week high for the Versum Materials Inc - $52.19 and low - $25.02.
Versum Materials Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $51.07 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 45.99% during the next 3 months and, with 90% probability hold a price between $74.56 and $89.81 at the end of this period.
Versum Materials Inc 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 $52.00 and $50.52. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 90 and the stock is extremely overbought on RSI14, so further reactions should be expected. Some stocks may have a long and hard correction after reaching so high an RSI, but not in all cases. However, the short-term risk has increased drastically and larger movements in the next couple of days can be expected.
Support & Resistance
Versum Materials Inc finds support from accumulated volume at $51.78.
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 $0.15 (0.29%) between high and low. For the last week, the stock has had a daily average volatility of 0.25%.
The stock is extremely overbought on RSI14 (90). This increases the short-term risk substantially.
Our recommended stoploss: $50.27 (-3.42%) (This stock has low daily movements and this gives low risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
|Golden Star Signal|
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|VSM $52.05 ($-0.06 -0.12%)|
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