Helios and Matheson Analytics I (NASDAQ:HMNY) is Overbought According to the RSI

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Helios and Matheson Analytics I (NASDAQ:HMNY) has reached an overbought level with a 14-day RSI of 82.46.

The Relative Strength Index (RSI) is one of the most popular technical indicators used to ascertain strengthening and weakening momentum in stock price. An RSI above 70 is an overbought indication and stocks are considered oversold at levels under 30. Overbought is a condition that occurs when price momentum is considered too high and may be susceptible to a decline.

Volatility

(NASDAQ:HMNY) currently has a beta of -0.28 making it less volatile than the market as a whole that has a beta of 1. Stocks with a beta lower than the market are less risky than the market while those with a higher beta may be more risky than the market.

The stock’s Average True Range (ATR) is sitting at 0.56. The ATR is a measure of volatility. It doesn’t indicate direction, just proclivity for motion.

Company shares last traded at $5.86 which is well above $3.00, the 50 day moving average and a great deal higher than the 200 day moving average of $2.73. The 50 day moving average was up $2.86 or +95.58% whereas the 200 day average was up by +114.37%.

Short Interest

Investors are more bearish on shares of the company recently if you consider the change in short interest. The firm realized a rise in short interest from August 15, 2017 to August 31, 2017 of 29.33%. Short shares grew 153,200 over that timeframe. Days to cover decreased 0.0 to 1.0 and the percentage of shorted shares is 0.10% as of August 31.

Company Information

Helios and Matheson Analytics Inc., launched on October 1, 2009, is an information technology services company. The Company offers its clients a suite of services of predictive analytics with technology. The Company provides offerings in the areas of application value management, application development, integration, independent validation, infrastructure and information management, and analytics services..