Stronger Sell Today ALDX ranks #5065 as SELL CANDIDATE #5065 Weaker Sell

ALDX stock forecast Aldeyra Therapeutics

ALDX stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

ALDX Forecast and Technical Stock Analysis

Sell candidate since 2019-06-24 Loss -25.62%

Aldeyra Therapeutics fell by -2.59% in the last day ( Friday, 19th Jul 2019 ) from $5.41 to $5.27 and has now fallen 4 days in a row. During day the stock fluctuated 4.96% from a day low at $5.24 to a day high of $5.50. The price has fallen in 7 of the last 10 days and is down by -11.58% for this period. Volume has increased in the last day by 141 645 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 325 745 shares bought and sold for approximately $1.72 million.

Quick summary:

  • 30 day high of the ALDX stock price was $7.59 and low was $4.99.
  • 90 day high was $8.47 and low was $4.99.
  • 52 week high for the Aldeyra Therapeutics - $16.70 and low - $4.99.
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Trend

Aldeyra Therapeutics lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $5.26 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.45% during the next 3 months and, with 90% probability hold a price between $3.71 and $4.64 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Aldeyra Therapeutics 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 $5.55 and $6.35. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday June 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

The stock currently holds a RSI14 at 23 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.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $5.27 Resistance: $6.00

Risk

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 $0.26 between high and low, or 4.96%. For the last week, the stock has had a daily average volatility of 4.46%.

Aldeyra Therapeutics is oversold on RSI14 (23). 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.

4.46 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

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.

Stronger Sell Today ALDX ranks #5065 as SELL CANDIDATE #5065 Weaker Sell

Will ALDX stock price go up or down on Mon, 22 Jul 2019?

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