INNL - Innocoll AG Fri 20'th Jan 2017
Stock analysis for Fri 20'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-20
Innocoll AG Stock Analysis
Innocoll AG gained 1.45% in the last trading day, rising from USD 0.69 to USD 0.70. , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 5 of the last 10 days days and is up by 1.45% over the past 2 weeks. Volume fell in the last day by -119 426 shares and ,in total, 436 737 shares bought and sold for approximately USD 305 716. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Innocoll AG has broken the narrow and strong falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is USD 0.26, a level that may pose a second chance to hit a runner. According to fan-theory USD 1.43 will be the next possible trendtop level and thereby pose a resistancelevel which may not be broken on the first attempt.
A buy signal was issued from a pivot bottom point on Friday January 13, 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. Innocoll AG holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 1.61. On a fall, the stock will find some support from the short-term average at USD 0.66. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 9 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.
Support & Resistance
Innocoll AG finds support from accumulated volume at USD 0.69, USD 0.68, and USD 0.61. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.
This stock may move much during a day (volatility) and with periodic low trading volume this stockstock is considered to be "high risk". During the last day, the stock moved USD 0.09 between high and low, or 13.85%. For the last week the stock has had a daily average volatility of 17.14%.
Innocoll AG is overbought on RSI14 (9). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level thge stock will have a reaction back to gain new strength.
Our recommended stoploss: USD 0.67 (-4.29%) ( based on support and risk)
Several short-term signals are positive and the break-up from the strong falling trend indicates a possible shift of trend. We believe prices around the breaking point to be particularly good levels, but also believe that the current level will hold a possible good buy level for the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.