Fri 21'st Apr 2017
Advaxis Stock Analysis
Technical stock analysis for Fri 21'st Apr 2017
Sell candidate since 2017-04-21
Advaxis lies in the middle of a wide and strong 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 -12.2% during the next 3 months and, with 90% probability hold a price between USD 6.03 and USD 7.85 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Advaxis holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 8.26. On a fall, the stock will find some support from the short-term average at USD 8.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday April 20, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 49 and the stock is currently not being overbought or oversold
Support & Resistance
Advaxis finds support from accumulated volume at USD 8.06, USD 7.86, and USD 7.82. On the upside the stock meets some resistance from accumulated volume at USD 8.77, USD 9.03 and USD 9.60.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.41 (5.18%) between high and low. For the last week, the stock has had a daily average volatility of 6.18%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Advaxis 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.