Tue 14'th Aug 2018
Calithera Biosciences Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
|Shorts||3.42% ( 2018-07-31 )|
Calithera Biosciences gained 2.59% in the last trading day, rising from $4.63 to $4.75 , 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. The price has been going up and down for this period, and there has been a 6.74% gain for the last 2 weeks. Volume fell in the last day by -107 892 shares, and in total, 263 108 shares bought and sold for approximately $1.25 million. 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.
Calithera Biosciences 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 -17.79% during the next 3 months and, with 90% probability hold a price between $3.19 and $4.14 at the end of this period.
Calithera Biosciences holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $4.59 and $4.65. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday August 10, 2018, 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. 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)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
Calithera Biosciences finds support from accumulated volume at $4.53.
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 $0.15 between high and low, or 3.26%. For the last week the stock has had a daily average volatility of 9.41%.
Our recommended stoploss: $4.56 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, 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.Click for Top 5 Buy Candidates
|CALA $4.75 $0.12(2.59%)|
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