Aldeyra Therapeutics Stock Analysis
Technical stock analysis for 22 January 2019
Aldeyra Therapeutics fell by -4.72% in the last day from $8.90 to $8.48 The price has fallen in 7 of the last 10 days and is down by -13.2% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -78 269 shares and in total 119 410 shares bought and sold for approximately $1.01 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ALDX stock was $8.48. This is 4.72% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 7.11% from a day low at $8.30 to a day high of $8.89.
30 day high of the ALDX stock price was $10.05 and low was $7.18.
90 day high was $12.15 and low was $7.15.
52 week high for the Aldeyra Therapeutics - $16.70 and low - $6.25.
Aldeyra Therapeutics 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 -18.76% during the next 3 months and, with 90% probability hold a price between $5.33 and $7.73 at the end of this period.
There are few to none technical positive signals at the moment. Aldeyra Therapeutics holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $8.93 and $8.93. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday January 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
Aldeyra Therapeutics finds support from accumulated volume at $8.45.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.59 between high and low, or 7.11%. For the last week the stock has had a daily average volatility of 7.56%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Aldeyra Therapeutics holds several negative signals and is within a very wide and 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.
|ALDX $8.48 $-0.42(-4.72%)|
ALDX is down $0.42 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for ALDX based on the 1-3 month system that more than doubles the S&P 500.
Click here – the ALDX analysis is free »