Amedica Corporation Forecast and Stock Analysis
Technical AMDA stock analysis for April 25, 2019.
Amedica Corporation gained 8.37% in the last trading day, rising from $0.20 to $0.22 , and has now gained 3 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. The price has been going up and down for this period, and there has been a 4.76% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 821 954 more shares were traded than the day before. In total, 935 647 shares bought and sold for approximately $205 842.00.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the AMDA stock was $0.22. This is 8.37% more than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 15.00% from a day low at $0.20 to a day high of $0.23.
30 day high of the AMDA stock price was $0.24 and low was $0.17.
90 day high was $0.35 and low was $0.17.
52 week high for the Amedica Corporation - $4.12 and low - $0.16.
Amedica Corporation 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 -14.42% during the next 3 months and, with 90% probability hold a price between $0.14 and $0.23 at the end of this period.
Only positive signals in the chart today. Amedica Corporation 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 $0.21 and $0.22. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 23, 2019, which indicates further gains until a new top pivot has been found. Amedica Corporation has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
Amedica Corporation finds support from accumulated volume at $0.21.
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 $0.03 between high and low, or 15.00%. For the last week, the stock has had a daily average volatility of 11.53%.
Our recommended stoploss: $0.21 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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|AMDA $0.22 ($0.02 8.37%)|
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