Stock Heading Under the 200-Day MA Lilis Energy, Inc. (NASDAQ:LLEX)

Shares of Lilis Energy, Inc. (NASDAQ:LLEX) have recently crossed below the 200-day moving average. At current levels, the stock has been noted -1.09% off of the 200-day MA. This cross may have investors taking a second look at company shares. With the break through this level, investors may be wondering if the current trend may be shifting downward, or if the level will act as a point of resistance. Taking a look at current stock price levels in relation to some other popular moving averages, we can see that the stock is trading 7.07% away from the 50-day MA and 0.23% off of the 20-day MA.

Checking on current price levels compared to prior highs and lows, we have seen that Lilis Energy, Inc. (NASDAQ:LLEX) was recently trading -9.81% away from the 50-day high and 24.41% removed from the 50-day low. Taking a wider view, the current separation from the 52-week high is -25.66%, and the distance from the 52-week low is presently 43.15%.

Let’s take a look at some historical performance information. Over the last twelve months, Lilis Energy, Inc. (NASDAQ:LLEX)’s stock has been -21.67%. Since the start of the calendar year, company shares have performed -17.22%. For the past quarter, shares have been 14.32%, and performance for the past month comes in at 2.17%. Narrowing the focus to the past week, company shares are -5.58%.

Taking a look at the RSI or relative strength index for Lilis Energy, Inc. (NASDAQ:LLEX), we can see that the current 14-day level is 52.73. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is calculated by using the average losses and gains of a stock over a specific time period. RSI may be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum.

Taking a peek at sell-side analyst views, we can see that the current consensus target price for the company is $6.44. The consensus recommendation is presently 1.80. This number uses a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would represent a consensus Buy recommendation. A rating of 4 or 5 would indicate a consensus Sell recommendation. A rating of 3 would signify a Hold recommendation.