Yatra Online Inc Forecast and Stock Analysis
Technical YTRA stock analysis for March 22, 2019.
Yatra Online Inc gained 0.20% in the last trading day, rising from $5.05 to $5.06 , and has now gained 3 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 been going up and down for this period, and there has been a 33.16% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 41 361 more shares were traded than the day before. In total, 231 813 shares bought and sold for approximately $1.17 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the YTRA stock was $5.06. This is 0.2% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 4.50% from a day low at $4.89 to a day high of $5.11.
30 day high of the YTRA stock price was $5.56 and low was $3.77.
90 day high was $5.56 and low was $3.70.
52 week high for the Yatra Online Inc - $8.16 and low - $3.70.
Yatra Online Inc is the upper part of a very wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $5.22 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Yatra Online Inc with 90% probability to be traded between $3.87 and $5.31 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.
Yatra Online Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $5.08. On a fall, the stock will find some support from the long-term average at approximately $4.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Yatra Online Inc 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. 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 Friday March 15, 2019, which indicates further falls until a new bottom pivot has been found.
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
Yatra Online Inc finds support from accumulated volume at $4.97.
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 $0.22 between high and low, or 4.50%. For the last week, the stock has had a daily average volatility of 5.85%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $4.76 (-5.85%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 74 and this increases the risk substantially. There is a sell signal from pivot top found 5 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.