Bullish vs. Bearish (5 opinions)
Social Sentiment 0.13
AVXL Forecast and Technical Stock Analysis
Sell candidate since 2019-12-09 PDF
Anavex Life Sciences Corp. fell by -6.42% in the last day ( Monday, 9th Dec 2019 ) from $2.65 to $2.48 and has now fallen 4 days in a row. During the day the stock fluctuated 13.45% from a day low at $2.38 to a day high of $2.70. The price has fallen in 6 of the last 10 days , but is still up by 7.36% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -155 411 shares and in total 777 774 shares bought and sold for approximately $1.93 million.
- 30 day high of the AVXL stock price was $3.45 and low was $2.25.
- 90 day high was $3.70 and low was $2.25.
- 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 -24.04% during the next 3 months and, with 90% probability hold a price between $1.57 and $2.27 at the end of this period.
There are few to none technical positive signals at the moment. Anavex Life Sciences Corp. holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $2.60 and $2.58. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday December 04, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 52 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 $2.47.
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 $0.32 between high and low, or 13.45%. For the last week, the stock has had a daily average volatility of 20.94%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
20.94 %Average volatility
Very Low Low Medium High Very High
Anavex Life Sciences Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate candidate.
|AVXL $2.48 ($-0.17 -6.42%)|
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