Collegium Pharmaceutical Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AI Analysis of COLL
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| Risk Assessment |
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Collegium Pharmaceutical stock price ended at $39.89 on Thursday, after gaining 1.73%
(Updated on Oct 03, 2024)
Buy or Hold candidate since Sep 12, 2024
Gain 9.20%
The Collegium Pharmaceutical stock price gained 1.73% on the last trading day (Thursday, 3rd Oct 2024), rising from $39.21 to $39.89. During the last trading day the stock fluctuated 3.27% from a day low at $39.09 to a day high of $40.37. The price has been going up and down for this period, and there has been a 2.47% gain for the last 2 weeks. Volume fell on the last day by -423 thousand shares and in total, 307 thousand shares were bought and sold for approximately $12.26 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 wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.78% during the next 3 months and, with a 90% probability hold a price between $45.90 and $51.84 at the end of this 3-month period.
COLL Signals & Forecast
Mostly positive signals in the chart today. The Collegium Pharmaceutical stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $38.80 and $37.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, August 06, 2024, and so far it has risen 16.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Collegium Pharmaceutical stock
Collegium Pharmaceutical finds support from accumulated volume at $39.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.28 between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: $38.61 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (COLL) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect Collegium Pharmaceutical to open at $39.78, and during the day (based on 14 day Average True Range), to move between $38.57 and $41.21, which gives a possible trading interval of +/-$1.32 (+/-3.32%) up or down from last closing price. If Collegium Pharmaceutical takes out the full calculated possible swing range there will be an estimated 6.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $39.07, some $0.82 (2.06%) from the current price of $39.89, our system finds the risk reward attractive.
Is Collegium Pharmaceutical stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Collegium Pharmaceutical stock to perform well in the short-term.
Current score:
4.531
Buy Candidate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $39.78 ( 0.267%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for COLL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.06 | 2.94% |
| R2 | 40.57 | 1.72% |
| R1 | 40.27 | 0.96% |
| Price | 39.89 | |
| S1 | 39.29 | -1.49% |
| S2 | 38.99 | -2.25% |
| S3 | 38.50 | -3.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 39.89 | |
| S1 | 39.07 | -2.06% |
| S2 | 38.60 | -3.23% |
| S3 | 34.89 | -12.53% |
FAQ
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