ADXS - Advaxis

Industry: Biotechnology Sector: Healthcare | Exchange: NASDAQ

Buy Candidate
Buy Score Rank #1284 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
0.73%
PRICE
$6.92
VOLUME
Sell
TREND

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

BOLLINGER
Buy
Request Prediction
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Advaxis Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Buy candidate since 2017-07-24 Gain 1.91%

Advaxis gained 0.73% in the last trading day, rising from $6.87 to $6.92 , and has now gained 3 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. The price has risen in 6 of the last 10 days and is up by 6.13% over the past 2 weeks. Volume fell in the last day by -153 216 shares, and in total, 236 695 shares bought and sold for approximately $1.64 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Advaxis 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 -23.80% during the next 3 months and, with 90% probability hold a price between $3.80 and $5.74 at the end of this period.

Signals

Only positive signals in the chart today. Advaxis holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $6.98. On a fall, the stock will find some support from the long-term average at approximately $6.78. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday July 24, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Relative Strength Index (RSI)

RSI14 is 55 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $6.34 and $6.06. On the upside the stock meets some resistance from accumulated volume at $7.77, $8.10 and $7.19.

There is 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, Advaxis finds support just below today's level at $6.34. If this is broken, then the next support from accumulated volume will be at $6.06 and $6.01.

Support: $6.34 Price: $6.92 Resistance: $7.77
S: $6.34 Price: $6.92 R: $7.77

Risk

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 $0.24 between high and low, or 3.58%. For the last week, the stock has had a daily average volatility of 5.52%.

Our recommended stoploss: $6.56 (-5.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate

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