Stronger Sell Today WBAI ranks #1791 as SELL CANDIDATE. Weaker Sell
Today WBAI ranks #1791 as SELL CANDIDATE.

WBAI stock 500com Limited

WBAI stock
500com Limited

Wed 12'th Dec 2018

PERIOD 2018-09-13 - 2018-12-12
CHANGE -0.96%
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell
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500com Limited Stock Analysis

Technical stock analysis for Wed 12'th Dec 2018

Sell candidate since 2018-12-12
Shorts 63.37% ( 2018-11-15 )
Cash n/a
Loans n/a
Beta 0.21
ROA -28.50

500com Limited fell by -0.96% in the last day from $8.35 to $8.27 The price has been going up and down for this period, and there has been a 1.35% gain for the last 2 weeks. Volume has increased in the last day by 57 360 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, 77 701 shares bought and sold for approximately $642 587.00.

Trend

500com Limited 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 $8.54 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 -31.50% during the next 3 months and, with 90% probability hold a price between $3.31 and $5.85 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

500com Limited 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 $8.10 and $7.74. 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 December 11, 2018, which indicates further falls until a new bottom pivot has been found. 500com Limited 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".

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A sell signal from a double top formation was found on Tuesday December 04, 2018 and based on theory for this formation the price should fall by -0.60% to $7.61 within 6 trading days since signal was issued (Thursday December 13, 2018).

Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $7.82 and $7.44.

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, 500com Limited finds support just below today's level at $7.82. If this is broken, then the next support from accumulated volume will be at $7.44 and $7.17.

Support: $7.82 Price: $8.27 Resistance: $8.78

Risk

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 $1.98 (23.94%) between high and low. For the last week, the stock has had a daily average volatility of 9.52%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

500com Limited holds several negative signals and we believe that 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 Buy Candidate to a Sell Candidate.

Stronger Sell Today WBAI ranks #1791 as SELL CANDIDATE. Weaker Sell
Today WBAI ranks #1791 as SELL CANDIDATE.