Stronger Sell Today AVXL ranks #3070 as SELL CANDIDATE. Weaker Sell
Today AVXL ranks #3070 as SELL CANDIDATE.

AVXL stock Anavex Life Sciences Corp.

AVXL stock
Anavex Life Sciences Corp.

April 25, 2019
Change -0.34%
Chart period: 2019-01-28 - 2019-04-25
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will AVXL stock price go up or down on Fri, 26 Apr 2019?

Anavex Life Sciences Corp. Forecast and Stock Analysis

Technical AVXL stock analysis for April 25, 2019.

Sell candidate since 2019-04-18 Gain 1.73%
Shorts n/a
Cash n/a
Loans n/a
Beta 2.49
ROA -82.19

Anavex Life Sciences Corp. fell by -0.34% in the last day from $2.95 to $2.94 The price has been going up and down for this period, and there has been a 5.76% gain for the last 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 -48 348 shares and in total 164 215 shares bought and sold for approximately $482 792.00.

Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the AVXL stock was $2.94. This is 0.34% less than the trading day before Wednesday, 24th Apr 2019.

During day the stock fluctuated 3.99% from a day low at $2.86 to a day high of $2.97.

30 day high of the AVXL stock price was $4.00 and low was $2.70.
90 day high was $4.00 and low was $1.76.
52 week high for the Anavex Life Sciences Corp. - $4.35 and low - $1.25.

Trend

Anavex Life Sciences Corp. lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $2.84 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 39.98% during the next 3 months and, with 90% probability hold a price between $3.97 and $5.34 at the end of this period.

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Signals

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 buysignal 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 $2.98. On a fall, the stock will find some support from the short-term average at $2.90. 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. A sales signal was issued from a pivot top point on Wednesday April 24, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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A sell signal from a double top formation was found on Wednesday April 24, 2019 and based on theory for this formation the price should fall by -0.21% to $2.74 within 4 trading days since signal was issued (Tuesday April 30, 2019).

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Anavex Life Sciences Corp. finds support from accumulated volume at $2.93.

Support: $2.93 Price: $2.94 Resistance: $2.95

Risk

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 $0.11 between high and low, or 3.99%. For the last week the stock has had a daily average volatility of 5.38%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today AVXL ranks #3070 as SELL CANDIDATE. Weaker Sell
Today AVXL ranks #3070 as SELL CANDIDATE.