Fri 15'th Jun 2018
Axovant Sciences Ltd Stock Analysis
Technical stock analysis for Fri 15'th Jun 2018
Axovant Sciences Ltd gained 1.34% in the last trading day, rising from $3.74 to $3.79 The price has risen in 5 of the last 10 days and is up by 97.4% over the past 2 weeks. Volume fell in the last day by -1.55 million shares, and in total, 3.40 million shares bought and sold for approximately $0.00. 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.
|Shorts||1.74% ( 2018-05-31 )|
Axovant Sciences Ltd lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 65.77% during the next 3 months and, with 90% probability hold a price between $2.63 and $8.52 at the end of this period.
Only positive signals in the chart today. Axovant Sciences Ltd holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $4.33. On a fall, the stock will find some support from the long-term average at approximately $2.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday June 14, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
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
Axovant Sciences Ltd finds support from accumulated volume at $3.74.
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 $0.25 between high and low, or 6.93%. For the last week, the stock has had a daily average volatility of 12.83%.
Our recommended stoploss: $3.62 (-4.53%) (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 1 days ago.)
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Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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