AQXP Forecast and Technical Stock Analysis
Buy candidate since 2019-08-14 Loss -3.23%
Aquinox Pharmaceuticals fell by -1.27% in the last day ( Monday, 19th Aug 2019 ) from $3.95 to $3.90 During the day the stock fluctuated 7.05% from a day low at $3.83 to a day high of $4.10. The price has risen in 8 of the last 10 days and is up by 35.42% over the past 2 weeks. Volume has increased in the last day by 69 504 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, 200 770 shares bought and sold for approximately $783 003.00.
- 30 day high of the AQXP stock price was $4.23 and low was $2.40.
- 90 day high was $4.23 and low was $2.19.
- 52 week high for Aquinox Pharmaceuticals - $4.23 and low - $2.00.
Aquinox Pharmaceuticals lies in the upper part of a very wide and strong rising 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 $4.08 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 35.56% during the next 3 months and, with 90% probability hold a price between $4.14 and $5.53 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday August 14, 2019, which indicates further falls until a new bottom pivot has been found. Aquinox Pharmaceuticals gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Aquinox Pharmaceuticals 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 $3.89 and $2.88. A break down below any of these levels will issue sell signals.
* 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)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 87 and the stock is extremely overbought on RSI14, so further reactions should be expected. Some stocks may have a long and hard correction after reaching so high an RSI, but not in all cases. However, the short-term risk has increased drastically and larger movements in the next couple of days can be expected.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $3.68 and $3.47.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aquinox Pharmaceuticals finds support just below today's level at $3.68. If this is broken, then the next support from accumulated volume will be at $3.47 and $3.28.
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 $0.27 between high and low, or 7.05%. For the last week, the stock has had a daily average volatility of 7.83%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $3.69 (-5.38%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from pivot top found 3 day(s) ago.)
7.83 %Average volatility
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|AQXP $3.90 ($-0.05 -1.27%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!