Friday June 14, 2019 Change 0.50% Price $0.92
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will ALIM stock price go up or down on Mon, 17 Jun 2019?

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Alimera Sciences Forecast and Stock Analysis

Technical ALIM stock analysis for Friday June 14, 2019.

Hold candidate since 2019-06-14


Alimera Sciences gained 0.50% in the last trading day ( Friday, 14th Jun 2019 ), rising from $0.92 to $0.92 During day the stock fluctuated 3.51% from a day low at $0.90 to a day high of $0.93. The price has risen in 4 of the last 10 days and is up by 5.07% 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, 51 735 more shares were traded than the day before. In total, 59 503 shares bought and sold for approximately $55 016.50.

Quick summary:

  • 30 day high of the ALIM stock price was $0.97 and low was $0.80.
  • 90 day high was $1.18 and low was $0.80.
  • 52 week high for the Alimera Sciences - $1.21 and low - $0.72.

Trend

Alimera Sciences lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.93 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.65% during the next 3 months and, with 90% probability hold a price between $0.61 and $0.76 at the end of this period.

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Signals

Alimera Sciences holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $0.92 and $0.92. A break down below any of these levels will issue sell signals. Alimera Sciences has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday June 07, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Alimera Sciences finds support from accumulated volume at $0.92.

Support: $0.92 Price: $0.92 Resistance: $0.98

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.03 (3.51%) between high and low. For the last week, the stock has had a daily average volatility of 3.88%.

Our recommended stoploss: $0.89 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 5 days ago.)

3.88 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Alimera Sciences holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate Upgraded

Will ALIM stock price go up or down on Mon, 17 Jun 2019?

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