Flamel Technologies S.A. Forecast and Stock Analysis
Technical AVDL stock analysis for Friday May 24, 2019.
|Price to book||USD 15.59|
|Next Earnings Date||2019-08-06|
Flamel Technologies S.A. gained 1.31% in the last trading day ( Friday, 24th May 2019 ), rising from $1.53 to $1.55 , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During day the stock fluctuated 6.80% from a day low at $1.47 to a day high of $1.57. The price has risen in 9 of the last 10 days and is up by 28.1% over the past 2 weeks. Volume fell in the last day by -85 855 shares, and in total, 128 100 shares bought and sold for approximately $198 555.00. 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 AVDL stock price was $1.70 and low was $1.03.
- 90 day high was $2.18 and low was $1.03.
- 52 week high for the Flamel Technologies S.A. - $7.97 and low - $1.03.
Flamel Technologies S.A. has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $1.34, a level that may pose a second chance to hit a runner. According to fan-theory $1.86 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Flamel Technologies S.A. 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 $1.42 and $1.27. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday May 16, 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)
The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Flamel Technologies S.A. finds support from accumulated volume at $1.49.
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 $0.10 between high and low, or 6.80%. For the last week the stock has had a daily average volatility of 11.72%.
The stock is extremely overbought on RSI14 (73). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Flamel Technologies S.A. has been rising for 7 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stoploss: $1.49 (-4.12%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)
11.72 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
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|AVDL $1.55 ($0.02 1.31%)|
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