Tremor Video, Inc. (NYSE:TRMR) fell by -7.93% in Thursday’s trading session from $3.91 to $3.60 and has now fallen 3 consecutive sessions. The stock price went upward in 7 of the last 10 days and has generated 5.57% during the last two weeks. Volume has increased in Thursday’s trading session by 513 541 shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 809 364 shares was the trading volume and the dollar amount of trading equals $2.91 million.
Inside TRMR’s Recent Trend
Tremor Video, Inc. (TRMR) enjoys staying at the middle end of a sharp increasing trend in a short period of time and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 61.74% over the course of a quarter and, with 90% chance the price will be floating in the range of $4.54 and $6.55 in this timeframe.
Tremor Video, Inc. Technical Signals
TRMR has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $3.83. On a drop, the stock is likely to find some support over the long run, which begins at $2.95. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.
Tremor Video, Inc. (NYSE:TRMR) Support And Resistance Levels
In case of pullback, the next support the price will capture from accumulated volume will not be far away from current price at $3.15 and $2.90. In case of gains, the next resistance from accumulated volume will be at $3.82, $3.91 and $4.00.
It is important to note, however, that the stock needs to make its way through natural risk while testing a key support level. Once this support is broken, another support level will be to be established at a lower level. Turning back to this stock, Tremor Video Inc approaches the first support point just current price at $3.15. In case of a break, the next support we will see from accumulated volume is going to be at $2.90 and $2.79.
Tremor Video, Inc. (TRMR) Risk Assessment
A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.28 between high and low, or 7.91%. The average volatility for the past week stood at 5.73%.