Bullish vs. Bearish (1 opinions)
Social Sentiment -0.97
AVXL Forecast and Technical Stock Analysis
Hold candidate since 2019-08-16 Gain 1.48%
Anavex Life Sciences Corp. gained 1.48% in the last trading day ( Monday, 19th Aug 2019 ), rising from $2.71 to $2.75 , 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. During the day the stock fluctuated 8.27% from a day low at $2.61 to a day high of $2.83. The price has risen in 8 of the last 10 days and is up by 23.87% over the past 2 weeks. Volume fell in the last day by -74 114 shares and in total, 213 637 shares bought and sold for approximately $587 502.00. 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 AVXL stock price was $2.83 and low was $2.21.
- 90 day high was $4.09 and low was $2.21.
- 52 week high for Anavex Life Sciences Corp. - $4.09 and low - $1.25.
Anavex Life Sciences Corp. 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 -22.20% during the next 3 months and, with 90% probability hold a price between $1.59 and $2.64 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 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. Anavex Life Sciences Corp. holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $2.81. On a fall, the stock will find some support from the short-term average at $2.53. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. 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 - 80 ]
RSI14 is 59 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
Anavex Life Sciences Corp. finds support from accumulated volume at $2.64.
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 $0.22 between high and low, or 8.27%. For the last week the stock has had a daily average volatility of 8.02%.
Our recommended stop-loss: $2.64 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
8.02 %Average volatility
Very Low Low Medium High Very High
|AVXL $2.75 ($0.04 1.48%)|
AVXL is up $0.04 today, but where's it headed in 2019?
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