The stock of Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL) is now priced at $1.47 and the shares are 0.18 points up or 13.95% higher compared to its previous closing price of $1.29. MTSL shares have a float of 3.26 million and although its performance was 7.3% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the MTSL share price recently placing at $1.2501 to $1.56. However, some brokerage firms have priced the stock below the average.

The shorts are running away from the Mer Telemanagement Solutions Ltd. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the MTSL shares have declined. Short interest in the stock represents just 0.87% of its float, but the volume has dropped by -53502. The volume of shorted shares dropped to 28319 from 81821 shares over the last two weeks. The average intraday trading volume has been 176455 shares, which means that days to cover moved to roughly 1.

In the last trading session, Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL) raised by $0.1 over the week and lost -$0.2 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $2.66. The stock recorded its established 52-week high on 09/13/19.

Since 03/23/20, the stock has traded to a low of $0.7479 at 96.55%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.02. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, Mer Telemanagement Solutions Ltd.’s two-week RSI is 52.08. This suggests that the stock is neutral at the moment and that MTSL shares’ price movement remains stable. The stochastic readings are equally revealing at 34.13% meaning the MTSL share price is currently in neutral territory.

The technical chart shows that the MTSL stock will likely settle at between $1.6033 and $1.7366 per share. However, if the stock dips below $1.2934, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.1168.

Currently, the stock is trading in the red of MACD, with a reading of -0.0156. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

The stocks P/S ratio currently stands below the group’s average of 23.2. Mer Telemanagement Solutions Ltd. has its P/E ratio at 2.1, which means that the stock is currently trading at a premium relative to the 1.6 industry average.