Axovant Sciences Ltd Stock Analysis
Technical stock analysis for 18 January 2019
Axovant Sciences Ltd fell by -0.98% in the last day from $1.02 to $1.01 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -6.48% loss for the last 2 weeks. Volume has increased in the last day by 0.23 million 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, 1.25 million shares bought and sold for approximately $1.26 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the AXON stock was $1.01. This is 0.98% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 7.00% from a day low at $0.98 to a day high of $1.05.
30 day high of the AXON stock price was $1.26 and low was $0.93.
90 day high was $2.24 and low was $0.93.
52 week high for the Axovant Sciences Ltd - $6.59 and low - $0.93.
Axovant Sciences Ltd lies the upper part of a very wide and falling 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 $1.11 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -55.45% during the next 3 months and, with 90% probability hold a price between $0.22 and $0.50 at the end of this period.
There are few to none technical positive signals at the moment. Axovant Sciences Ltd holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $1.07 and $1.21. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday January 16, 2019, which indicates further falls until a new bottom pivot has been found. Axovant Sciences Ltd 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-off's".
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
Axovant Sciences Ltd finds support from accumulated volume at $1.00.
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 $0.07 between high and low, or 7.00%. For the last week, the stock has had a daily average volatility of 6.97%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Axovant Sciences Ltd 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.
|AXON $1.01 $-0.01(-0.98%)|
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