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Weaker Stock
Today DRRX ranks #11784 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$1.02 (-4.67%)

Volume: 476k

Closed: Nov 26, 2021

Hollow Logo Score: -4.239

Durect Corporation Stock Forecast

$1.02 (-4.67%)

Volume: 476k

Closed: Nov 26, 2021

Score Hollow Logo -4.239
Which way will DRRX go? Request
Key Stats
P/E Ratio -9.32
Beta 1.42
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 31 and the stock is currently not being overbought or oversold

Durect Corporation stock price down 4.67% on Friday
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-12 Loss -12.82%

The Durect Corporation stock price fell by -4.67% on the last day (Friday, 26th Nov 2021) from $1.07 to $1.02. and has now fallen 3 days in a row. During the day the stock fluctuated 6.00% from a day low at $1.00 to a day high of $1.06. The price has fallen in 7 of the last 10 days and is down by -18.4% for this period. Volume has increased on the last day by 52 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 476 thousand shares were bought and sold for approximately $485.13 thousand.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.01 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.33% during the next 3 months and, with a 90% probability hold a price between $0.86 and $1.07 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Durect Corporation 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 $1.08 and $1.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -22.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Durect Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

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.

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 $0.0600 between high and low, or 6.00%. For the last week, the stock has had a daily average volatility of 6.98%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Durect Corporation stock A Buy?

Durect Corporation holds several negative signals and is within a 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.

Current score: -4.239

Predicted Opening Price for Durect Corporation of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$1.03 $1.02 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

HC Wainwright is very positive about DRRX and gave it a "Buy" rating on May 11, 2021. The price target was set to $6.00.

Volatility and Risk
Daily Average Volatility: 6.98 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.98 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.13
Price: $1.02
No Support Found

DRRX Insider Trading Show all Trades

INSIDER POWER

0.249

Last 100 transactions
Buy: 6 709 055 | Sell: 26 938 755 (Shares)
Date Action Amount Person Type
Jun 15, 2021 Buy 55 000 Robertson Judith J. Stock Option (right to buy)
Jun 15, 2021 Buy 27 500 Maderis Gail J Stock Option (right to buy)
Jun 15, 2021 Buy 55 000 Hoffmann Dave Stock Option (right to buy)
Jun 15, 2021 Buy 55 000 Farfel Gail M Stock Option (right to buy)
Jun 15, 2021 Buy 55 000 Blaschke Terrence F Stock Option (right to buy)
Show all Insider Trades
INSIDER POWER

0.249

Last 100 transactions
Buy: 6 709 055 | Sell: 26 938 755 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.09 6.54 %
1.06 4.29 %
1.05 2.90 %
Current price: 1.02
Support 1.00 -1.59 %
0.99 -2.98 %
0.97 -5.23 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.25 22.55 %
1.21 18.63 %
1.13 10.78 %
Current price 1.02
Support 0 .
0 .
0 .

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About Durect Corporation

Durect DURECT Corporation, a biopharmaceutical company, researches and develops therapies based on its epigenomic regulator program and proprietary drug delivery platforms. The company offers ALZET product line that includes osmotic pumps and accessories used for experimental research in mice, rats, and other laboratory animals; and a range of biodegradable polymers for use as raw materials for pharmaceutical and medical devices under the LACTEL brand. ... Read more

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