Deciphera Pharmaceuticals Inc stock price up 4.1% on Wednesday
(Updated on Dec 08, 2021)
Sell candidate since 2021-11-05 Loss -2.04% PDF
The Deciphera Pharmaceuticals Inc stock price gained 4.10% on the last trading day (Wednesday, 8th Dec 2021), rising from $8.30 to $8.64. , and has now gained 4 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. During the day the stock fluctuated 6.61% from a day low at $8.22 to a day high of $8.76. The price has risen in 6 of the last 10 days and is up by 3.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 840 thousand shares were bought and sold for approximately $7.25 million.
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 -56.87% during the next 3 months and, with a 90% probability hold a price between $1.76 and $10.66 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, November 29, 2021, and so far it has risen 12.21%. 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 is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Deciphera Pharmaceuticals Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $17.58. On a fall, the stock will find some support from the short-term average at $8.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss
Deciphera Pharmaceuticals Inc finds support from accumulated volume at $8.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.54 between high and low, or 6.61%. For the last week, the stock has had a daily average volatility of 5.60%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Deciphera Pharmaceuticals Inc stock A Buy?
Deciphera Pharmaceuticals Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.012
Predicted Opening Price for Deciphera Pharmaceuticals Inc of Thursday, December 9, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 9, 2021||Current price|
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On Dec 01, 2021 "HC Wainwright" gave "$25.00 - $15.00" rating for DCPH. The price target was changed from $8.07 to 6.5%.
DCPH Insider Trading
|Oct 04, 2021||Sell||2 659||Sherman Matthew L||Common Stock|
|Jun 23, 2021||Buy||12 000||Friedman Franklin Stuart||Stock Option (Right to Buy)|
|Jun 23, 2021||Buy||12 000||Walsh Dennis Leo||Stock Option (Right to Buy)|
|Jun 23, 2021||Buy||12 000||Allen Patricia L||Stock Option (Right to Buy)|
|Jun 23, 2021||Buy||12 000||Kelley Susan L.||Stock Option (Right to Buy)|
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