Bullish vs. Bearish (1 opinions)
Social Sentiment 0.98
ALDX Forecast and Technical Stock Analysis
Buy candidate since 2019-09-20 PDF
Aldeyra Therapeutics gained 2.78% in the last trading day ( Friday, 20th Sep 2019 ), rising from $5.76 to $5.92 , 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. During the day the stock fluctuated 6.26% from a day low at $5.75 to a day high of $6.11. The price has risen in 7 of the last 10 days and is up by 20.08% 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, 346 234 more shares were traded than the day before. In total, 456 066 shares bought and sold for approximately $2.70 million.
- 30 day high of the ALDX stock price was $6.30 and low was $4.31.
- 90 day high was $7.52 and low was $4.31.
- 52 week high for Aldeyra Therapeutics - $16.70 and low - $4.31.
Aldeyra Therapeutics has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $5.09, a level that may pose a second chance to hit a runner. According to fan-theory $6.06 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. Aldeyra Therapeutics 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 $5.83 and $5.17. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday August 27, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
The stock holds a RSI14 at 83 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Aldeyra Therapeutics finds support from accumulated volume at $5.85.
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 $0.36 between high and low, or 6.26%. For the last week, the stock has had a daily average volatility of 6.57%.
The stock is extremely overbought on RSI14 (83). Normally this will pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $5.64 (-4.68%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from pivot bottom found 17 days ago.)
6.57 %Average volatility
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Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|ALDX $5.92 ($0.16 2.78%)|
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