Alkermes plc Forecast and Stock Analysis
Technical ALKS stock analysis for Friday June 14, 2019.
Alkermes plc fell by -2.32% in the last day ( Friday, 14th Jun 2019 ) from $22.41 to $21.89 and has now fallen 3 days in a row. During day the stock fluctuated 2.65% from a day low at $21.87 to a day high of $22.45. The price has fallen in 6 of the last 10 days , but is still up by 1.62% over the past 2 weeks. Volume has increased in the last day by 214 680 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, 902 960 shares bought and sold for approximately $19.77 million.
- 30 day high of the ALKS stock price was $25.88 and low was $21.29.
- 90 day high was $37.75 and low was $21.29.
- 52 week high for the Alkermes plc - $51.70 and low - $21.29.
Alkermes plc 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 -40.20% during the next 3 months and, with 90% probability hold a price between $10.83 and $15.01 at the end of this period.
There are few to none technical positive signals at the moment. Alkermes plc 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 $22.52 and $25.11. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 04, 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)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
Alkermes plc finds support from accumulated volume at $21.54.
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 $0.58 between high and low, or 2.65%. For the last week, the stock has had a daily average volatility of 2.93%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.93 %Average volatility
Very Low Low Medium High Very High
Alkermes plc 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 Sell Candidate to a Strong Sell Candidate.
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|ALKS $21.89 ($-0.52 -2.32%)|
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