Versum Materials Inc Forecast and Stock Analysis
Technical VSM stock analysis for February 21, 2019.
|Shorts||0.99% ( 2019-01-31 )|
Versum Materials Inc gained 0.56% in the last trading day, rising from $39.28 to $39.50 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 4.33% over the past 2 weeks. Volume fell in the last day by -363 390 shares, and in total, 552 440 shares bought and sold for approximately $21.82 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the VSM stock was $39.50. This is 0.56% more than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 2.18% from a day low at $38.93 to a day high of $39.78.
30 day high of the VSM stock price was $39.78 and low was $29.25.
90 day high was $39.78 and low was $25.02.
52 week high for the Versum Materials Inc - $41.35 and low - $25.02.
Versum Materials Inc lies in the middle of a very wide and 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 22.89% during the next 3 months and, with 90% probability hold a price between $37.29 and $52.54 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 $38.15 and $33.44. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 03, 2019, 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.
* 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)
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 $37.23 and $36.98.
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, Versum Materials Inc finds support just below today's level at $37.23. If this is broken, then the next support from accumulated volume will be at $36.98 and $36.67.
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 $0.85 between high and low, or 2.18%. For the last week, the stock has had a daily average volatility of 2.02%.
Our recommended stoploss: $37.98 (-3.86%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 33 days ago.)
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Versum Materials 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.