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Sonic Foundry, Inc. (SOFO) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Radio And Television Broadcasting And Communications Equipment
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 14 Jun 2017Gravestone DojiDojiMon, 12 Jun 2017-2.43%
***Stock database and scans are updated around midnight (New York time) every trading day.
4.20 0.00 (0%) Jun 22 2:43pm EDT
Open: 4.0000 Range: 3.9500 - 4.1999 Vol: 0.29K Avg Vol: 3.12K
EPS: -0.99 P/E ratio: 0.00 EBITDA: -1.65M Mkt Cap: 17.75M
Analyze "SOFO" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 4.16
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 4.35
Last Trade is below the 50 day moving average at 4.70
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 5.09
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SOFO

Stock Trend Analysis - Buy, Sell or Hold "Sonic Foundry, Inc." (SOFO)?

SOFO is in a very strong downtrend. For the last 52 weeks, SOFO has maintained to stay firmly below the 200 day moving average for 89% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also showing some signs of weakness as SOFO has been trading below its 20 SMA for 75% of the time in the last 8 weeks. As SOFO is in a downtrend characterized by the 200 SMA, currently at 5.09, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although SOFO may get a short term oversold bounce around here. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SOFO".

The analyst consensus estimates for the 1 year price target for this stock is $10.40* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 14 Jun 2017
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