Is Top Image Systems Ltd. (TISA)’s Fuel Running High? The Stock Formed Descending Triangle Pattern

October 2, 2018 - By Clifton Ray

Top Image Systems Ltd. (NASDAQ:TISA) Logo

The stock of Top Image Systems Ltd. (TISA) formed a descending triangle with $1.01 target or 6.00 % above today’s $0.95 share price. The 6 months triangle pattern indicates low risk for the $17.26M company. If the $1.01 price target is reached, the company will be worth $1.04 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

It closed at $0.95 lastly. It is down 16.10% since October 2, 2017 and is downtrending. It has underperformed by 31.72% the S&P500.

Another recent and important Top Image Systems Ltd. (NASDAQ:TISA) news was published by which published an article titled: “How Does Investing In Top Image Systems Ltd (NASDAQ:TISA) Impact Your Portfolio?” on September 19, 2018.

Top Image Systems Ltd. develops and markets automated data capture solutions for managing and validating content gathered from customers, trading partners, and employees worldwide. The company has market cap of $17.26 million. The Company’s solutions deliver digital content to the applications that drive an enterprise by using technologies, such as wireless communications, servers, form processing, and information recognition systems. It currently has negative earnings. The companyÂ’s products integrate information regardless of the source and format of the data, such as invoices, purchase orders, checks, freight and shipping bills, and others.

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