Fri 21'st Apr 2017
Aethlon Medical Stock Analysis
Technical stock analysis for Fri 21'st Apr 2017
Sell candidate since 2017-04-12 Loss -13.69%
Aethlon Medical lies in the lower of a very wide and strong falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 2.08 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -30.4% during the next 3 months and, with 90% probability hold a price between USD 1.45 and USD 2.80 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 20, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Aethlon Medical 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 USD 2.39 and USD 3.22. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 26 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
Aethlon Medical finds support from accumulated volume at USD 2.20. On the upside the stock meets some resistance from accumulated volume at USD 2.44, USD 2.36 and USD 2.68.
This stock may move much during a day (volatility) and with periodic low trading volume this stockstock is considered to be "high risk". During the last day, the stock moved USD 0.15 between high and low, or 7.04%. For the last week the stock has had a daily average volatility of 10.59%.
Aethlon Medical is oversold on RSI14 (26). 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.
Aethlon Medical holds several negative signals and is within a very wide and strong 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. 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.