Telular Corp Forecast and Stock Analysis
Technical WRLS stock analysis for February 15, 2019.
Telular Corp gained 0.35% in the last trading day, rising from $10.21 to $10.25 The price has fallen in 4 of the last 10 days , but is still up by 0.45% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 20 135 more shares were traded than the day before. In total, 21 033 shares bought and sold for approximately $215 508.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the WRLS stock was $10.25. This is 0.35% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.29% from a day low at $10.22 to a day high of $10.25.
30 day high of the WRLS stock price was $10.25 and low was $10.12.
90 day high was $10.25 and low was $10.03.
52 week high for the Telular Corp - $10.25 and low - $7.75.
Telular Corp has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $10.24 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $10.29 sometime during the next 3 months.
Only positive signals in the chart today. Telular Corp 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 $10.21 and $10.17. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday December 06, 2018, which indicates further gains until a new top pivot has been found. Telular Corp has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 66 and the stock is currently not being overbought or oversold
Support & Resistance
Telular Corp finds support from accumulated volume at $10.18.
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 $0.03 (0.29%) between high and low. For the last week, the stock has had a daily average volatility of 0.20%.
Our recommended stoploss: $9.77 (-4.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 48 days ago.)
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Evaluation: Strong Buy Candidate
Telular Corp holds several positive signals and has broken the narrow and horizontal trend up. As the stock is in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.