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WBAI - 500com Limited

Industry: Gaming Activities Sector: Services Exchange: NYSE

WBAI - 500com Limited

Industry: Gaming Activities Sector: Services Exchange: NYSE

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE -5.24%
PRICE $15.18





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500com Limited Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Sell candidate since 2018-06-15

500com Limited fell by -5.24% in the last day from $16.02 to $15.18 The price has fallen in 7 of the last 10 days and is down by -22.11% for this period. 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 -247 485 shares and in total 186 157 shares bought and sold for approximately $0.00.

Shorts 22.04% ( 2018-05-31 )
Cash n/a
Loans n/a
Beta -0.08
ROA -17.58


500com Limited is the lower part of a very wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $14.90 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect 500com Limited with 90% probability to be traded between $15.07 and $21.34 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.

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There are few to none technical positive signals at the moment. 500com Limited 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 $16.91 and $18.29. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday June 14, 2018, 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.

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Relative Strength Index (RSI)

RSI14 is 37 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

500com Limited finds support from accumulated volume at $14.89.

Support: $14.89 Price: $15.18 Resistance: $16.02


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 5.67%. For the last week, the stock has had a daily average volatility of 10.70%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High


500com Limited 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

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