Adaptimmune Therapeutics plc Stock Analysis
Technical stock analysis for 22 January 2019
Adaptimmune Therapeutics plc fell by -6.79% in the last day from $4.86 to $4.53 and has now fallen 4 days in a row. The price has fallen in 7 of the last 10 days and is down by -25.25% for this period. Volume has increased in the last day by 30 580 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 464 795 shares bought and sold for approximately $2.11 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ADAP stock was $4.53. This is 6.79% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 8.46% from a day low at $4.49 to a day high of $4.87.
30 day high of the ADAP stock price was $6.31 and low was $3.60.
90 day high was $8.04 and low was $3.60.
52 week high for the Adaptimmune Therapeutics plc - $14.63 and low - $3.60.
Adaptimmune Therapeutics plc 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 -21.50% during the next 3 months and, with 90% probability hold a price between $2.56 and $4.55 at the end of this period.
There are few to none technical positive signals at the moment. Adaptimmune Therapeutics plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $5.17 and $5.28. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday January 07, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Adaptimmune Therapeutics plc finds support from accumulated volume at $4.49.
This stock may move much during a 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 $0.38 between high and low, or 8.46%. For the last week, the stock has had a daily average volatility of 8.48%.
Adaptimmune Therapeutics plc is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Adaptimmune Therapeutics plc 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.
|ADAP $4.53 $-0.33(-6.79%)|
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