Help us make better tools for you!. Read more (Published: 2017-01-12)

ETRM - EnteroMedics Inc. Fri 13'th Jan 2017

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Hold/Accumulate

Score: -0.99

#4036 of 5193
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 93.33%
Risk: High
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Stock analysis for Fri 13'th Jan 2017 (Updated daily)

Hold candidate since 2017-01-11

Loss -10.46%

EnteroMedics Inc. Stock Analysis


EnteroMedics Inc. fell by -2.91% in the last day, from USD 14.11 to USD 13.70. , and has now fallen 4 day in a row The price has been going up and down for this period, and there has been a 461.48% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4.25 million shares and in total there were 2.17 million shares bought and sold for approx. USD 29.76 million.

Trend

EnteroMedics Inc. has broken the narrow and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at USD 6.91, a level that may pose a second chance to hit a runner. According to fan-theory USD 11.63 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Signals

EnteroMedics Inc. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 14.52. On a fall, the stock will find some support from the long-term average at approximately USD 5.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday January 03, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 14.11 and USD 15.30.

The stock is about to test the resistance from accumulated volume at USD 14.11 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 2.56 between high and low, or 18.92%. For the last week, the stock has had a daily average volatility of 67.74%.

Our recommended stoploss: USD 13.36 (-2.48%) ( Criterias: risk and break of trend)

Evaluation

EnteroMedics Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend a hold or accumulate position awaiting further development.

Hold/Accumulate


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