Advaxis Forecast and Stock Analysis
Technical ADXS stock analysis for March 21, 2019.
Advaxis gained 1.97% in the last trading day, rising from $0.48 to $0.49 , and has now gained 4 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 7 of the last 10 days and is up by 49.09% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.76 million more shares were traded than the day before. In total, 2.23 million shares bought and sold for approximately $1.10 million.
Close price at the end of the last trading day (Thursday, 21st Mar 2019) of the ADXS stock was $0.49. This is 1.97% more than the trading day before Wednesday, 20th Mar 2019.
During day the stock fluctuated 5.26% from a day low at $0.48 to a day high of $0.50.
30 day high of the ADXS stock price was $0.68 and low was $0.32.
90 day high was $0.68 and low was $0.18.
52 week high for the Advaxis - $2.04 and low - $0.18.
Advaxis 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 43.37% during the next 3 months and, with 90% probability hold a price between $0.51 and $0.80 at the end of this period.
Only positive signals in the chart today. Advaxis holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $0.46 and $0.39. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 14, 2019, which indicates further gains until a new top pivot has been found. Advaxis has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 67 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 $0.46 and $0.43.
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 $0.46. If this is broken, then the next support from accumulated volume will be at $0.43 and $0.41.
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 $0.03 between high and low, or 5.26%. For the last week, the stock has had a daily average volatility of 11.20%.
Our recommended stoploss: $0.47 (-5.22%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Strong Buy Candidate
Advaxis holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.