14-day Premium Trial Subscription Sign Up For FreeGet Free

Big movements in Oncology Pharma Inc. stock price on Friday moving 10.59% between high and low

StockInvest.us, 6 months ago


The Oncology Pharma Inc. stock price gained 3.57% on the last trading day (Friday, 23rd Jul 2021), rising from $23.51 to $24.35. During the day the stock fluctuated 10.59% from a day low at $23.51 to a day high of $26.00. The price has risen in 6 of the last 10 days, but is still down by -11.1% for this period. Volume fell on the last day by -138 thousand shares and in total, 162 thousand shares were bought and sold for approximately $3.95 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -5.37% during the next 3 months and, with a 90% probability hold a price between $16.49 and $33.62 at the end of this 3-month period.

Oncology Pharma Inc.

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Oncology Pharma Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $24.51 and $28.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, July 21, 2021, and so far it has fallen -12.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $21.80 and $20.95.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Oncology Pharma Inc. finds support just below today's level at $21.80. If this is broken, then the next support from accumulated volume will be at $20.95 and $20.00.

This stock may move much during the 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 $2.49 between high and low, or 10.59%. For the last week, the stock has had a daily average volatility of 9.51%.

Oncology Pharma Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Check full Oncology Pharma Inc. forecast and analysis here.