Youngevity International, Inc Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
Youngevity International, Inc gained 1.76% in the last trading day, rising from $6.25 to $6.36 The price has fallen in 6 of the last 10 days and is down by -5.78% for this period. Volume fell in the last day by -96 235 shares, and in total, 32 072 shares bought and sold for approximately $203 978.00. 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.
Youngevity International, Inc 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 $5.47 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect Youngevity International, Inc with 90% probability to be traded between $5.57 and $16.38 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.
A buy signal was issued from a pivot bottom point on Tuesday December 11, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Youngevity International, Inc 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 $6.56 and $7.28. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
Youngevity International, Inc finds support from accumulated volume at $6.30.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.30 between high and low, or 4.77%. For the last week the stock has had a daily average volatility of 5.69%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Youngevity International, Inc 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.
|YGYI $6.36 $0.11(1.76%)|
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