AMDA Forecast and Technical Stock Analysis
Buy candidate since 2019-10-03 Gain 16.06% PDF
Amedica Corporation gained 0.90% in the last trading day ( Monday, 14th Oct 2019 ), rising from $2.22 to $2.24 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 12.32% from a day low at $2.11 to a day high of $2.37. The price has risen in 5 of the last 10 days and is up by 11.44% over the past 2 weeks. Volume fell in the last day by -103 188 shares and in total, 211 487 shares bought and sold for approximately $473 731.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the AMDA stock price was $2.98 and low was $1.71.
- 90 day high was $4.39 and low was $0.07.
- 52 week high for Amedica Corporation - $4.39 and low - $0.07.
Amedica Corporation lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 48.63% during the next 3 months and, with 90% probability hold a price between $2.04 and $6.36 at the end of this period.
Amedica Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $1.98 and $1.91. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday October 02, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 60 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Amedica Corporation finds support from accumulated volume at $2.19.
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 $0.26 between high and low, or 12.32%. For the last week the stock has had a daily average volatility of 12.83%.
Our recommended stop-loss: $2.13 (-4.82%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 8 days ago.)
12.83 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
|AMDA $2.24 ($0.02 0.90%)|
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