Stronger Sell Today CFMS ranks #4261 as SELL CANDIDATE #4261 Weaker Sell

CFMS stock forecast ConforMIS

CFMS stock forecast

Wednesday November 13, 2019 Change -1.52% Price $1.94
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell
Bullish vs. Bearish (2 opinions)
100%
0%
Social Sentiment 0.00

CFMS Forecast and Technical Stock Analysis


Sell candidate since 2019-11-11 Loss -1.52% PDF

ConforMIS fell by -1.52% in the last day ( Wednesday, 13th Nov 2019 ) from $1.97 to $1.94 During the day the stock fluctuated 3.66% from a day low at $1.91 to a day high of $1.98. The price has fallen in 5 of the last 10 days and is down by -3% for this period. 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 -3 304 shares and in total 278 803 shares bought and sold for approximately $540 878.00.

Quick summary:

  • 30 day high of the CFMS stock price was $2.42 and low was $1.50.
  • 90 day high was $2.68 and low was $1.50.
  • 52 week high for ConforMIS - $4.83 and low - $0.36.
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Trend

ConforMIS is at the lower part of a very wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $1.88 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect ConforMIS with a 90% probability to be traded between $1.92 and $2.62 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

There are few to none technical positive signals at the moment. ConforMIS 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 $1.97 and $2.11. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday November 08, 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 buy signal from a double bottom formation was found on Wednesday November 06, 2019 and based on theory for this formation the price should go up by 0.17% to $2.08 within 4 trading days since signal was issued (Tuesday November 12, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 75 ]

RSI14 is 44 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

ConforMIS finds support from accumulated volume at $1.93.

Support: $1.93 Price: $1.94 Resistance: $2.00

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 $0.07 between high and low, or 3.66%. For the last week the stock has had a daily average volatility of 8.05%.

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

8.05 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

ConforMIS 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.

Stronger Sell Today CFMS ranks #4261 as SELL CANDIDATE #4261 Weaker Sell
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