TetraLogic Pharmaceuticals Corporation Stock Forecast
Volatile ride for TetraLogic Pharmaceuticals Corporation stock price on Tuesday moving between $0.0400 and $0.0450
(Updated on Oct 31, 2017)
The TetraLogic Pharmaceuticals Corporation stock price fell by -13.30% on the last day (Tuesday, 31st Oct 2017) from $0.0463 to $0.0401. During the last trading day the stock fluctuated 12.50% from a day low at $0.0400 to a day high of $0.0450. The price has risen in 5 of the last 10 days and is up by 24.53% over the past 2 weeks. Volume has increased on the last day by 1 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, 7 thousand shares were bought and sold for approximately $269.07 .
The stock lies in the middle of a very 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 96.47% during the next 3 months and, with a 90% probability hold a price between $0.0589 and $0.0982 at the end of this 3-month period.
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TLOG Signals & Forecast
The TetraLogic Pharmaceuticals Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0430. On a fall, the stock will find some support from the long-term average at approximately $0.0360. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, October 30, 2017, and so far it has fallen -13.30%. Further fall is indicated until a new bottom pivot has been found. TetraLogic Pharmaceuticals 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for TetraLogic Pharmaceuticals Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0380 and $0.0373. There is a 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, TetraLogic Pharmaceuticals Corporation finds support just below today's level at $0.0380. If this is broken, then the next support from accumulated volume will be at $0.0373 and $0.0370.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0050 between high and low, or 12.50%. For the last week the stock has had daily average volatility of 13.14%.
Our recommended stop-loss: $0.0374 (-6.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TLOG) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect TetraLogic Pharmaceuticals Corporation to open at $0.0417, and during the day (based on 14 day Average True Range), to move between $0.0325 and $0.0477, which gives a possible trading interval of +/-$0.0076 (+/-18.83%) up or down from last closing price. If TetraLogic Pharmaceuticals Corporation takes out the full calculated possible swing range there will be an estimated 37.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0403 (0.50%) than the support at $0.0380 (5.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is TetraLogic Pharmaceuticals Corporation 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 TetraLogic Pharmaceuticals Corporation stock to perform well in the short-term.
Current score: 1.730 Buy Candidate Unchanged
Predicted Opening Price for TetraLogic Pharmaceuticals Corporation of Wednesday, November 1, 2017
Fair opening price November 1, 2017 | Current price |
---|---|
$0.0417 ( 3.99%) | $0.0401 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLOG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0467 | 16.46 % | |
R2 | 0.0448 | 11.70 % | ||
R1 | 0.0436 | 8.75 % | ||
Current price: | 0.0401 | |||
Support | S1 | 0.0398 | -0.773 % | |
S2 | 0.0386 | -3.72 % | ||
S3 | 0.0367 | -8.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0450 | 12.22 % | |
R2 | 0.0416 | 3.72 % | ||
R1 | 0.0403 | 0.499 % | ||
Current price | 0.0401 | |||
Support | S1 | 0.0380 | -5.24% | |
S2 | 0.0373 | -7.11% | ||
S3 | 0.0370 | -7.73% |
FAQ
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