Yatra Online Inc Forecast and Stock Analysis
Technical YTRA stock analysis for Thursday May 23, 2019.
|Price to book||USD 4.64|
|Next Earnings Date||2019-05-29|
Yatra Online Inc fell by -0.90% in the last day ( Thursday, 23rd May 2019 ) from $4.45 to $4.41 and has now fallen 3 days in a row. During day the stock fluctuated 11.19% from a day low at $4.02 to a day high of $4.47. The price has fallen in 6 of the last 10 days and is down by -3.08% 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 -421 017 shares and in total 237 817 shares bought and sold for approximately $1.05 million.
- 30 day high of the YTRA stock price was $4.87 and low was $4.02.
- 90 day high was $5.56 and low was $3.77.
- 52 week high for the Yatra Online Inc - $7.75 and low - $3.70.
Given the current horizontal trend you can expect Yatra Online Inc with 90% probability to be traded between $3.88 and $5.30 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.
There are few to none technical positive signals at the moment. Yatra Online 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 $4.49 and $4.59. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $4.00 and $3.83.
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, Yatra Online Inc finds support just below today's level at $4.00. If this is broken, then the next support from accumulated volume will be at $3.83 and $3.80.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
6.91 %Average volatility
Very Low Low Medium High Very High
Yatra Online 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.
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|YTRA $4.41 ($-0.04 -0.90%)|
YTRA is down $0.04 today, but where's it headed in 2019?
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