Alimera Sciences Forecast and Stock Analysis
Technical ALIM stock analysis for April 24, 2019.
Alimera Sciences fell by -1.67% in the last day from $0.90 to $0.89 and has now fallen 6 days in a row. The price has fallen in 6 of the last 10 days and is down by -13.24% 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 -121 669 shares and in total 392 759 shares bought and sold for approximately $347 592.00.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ALIM stock was $0.89. This is 1.67% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 3.45% from a day low at $0.87 to a day high of $0.90.
30 day high of the ALIM stock price was $1.14 and low was $0.85.
90 day high was $1.21 and low was $0.82.
52 week high for the Alimera Sciences - $1.21 and low - $0.72.
Alimera Sciences has broken the very wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $0.94 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to none technical positive signals at the moment. Alimera Sciences 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 $0.95 and $1.05. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday April 11, 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)
The stock currently holds a RSI14 at 29 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
Alimera Sciences finds support from accumulated volume at $0.87.
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 $0.03 between high and low, or 3.45%. For the last week the stock has had a daily average volatility of 8.39%.
Alimera Sciences is oversold on RSI14 (29). 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.
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Evaluation: Sell Candidate
Alimera Sciences 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.
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|ALIM $0.89 ($-0.02 -1.67%)|
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