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CLSD - Clearside BioMedical, Inc

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 2.00%
PRICE $10.70
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Clearside BioMedical, Inc Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Hold candidate since 2018-06-14 Gain 2.00%

Clearside BioMedical, Inc gained 2.00% in the last trading day, rising from $10.49 to $10.70 , and has now gained 5 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 risen in 6 of the last 10 days and is up by 9.74% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 80 237 more shares were traded than the day before. In total, 504 264 shares bought and sold for approximately $0.00.

Shorts 1.97% ( 2018-05-31 )
Cash 118.7 mill
Loans 15.7 mill
Beta -6.92
ROA -65.44

Trend

Given the current horizontal trend you can expect Clearside BioMedical, Inc with 90% probability to be traded between $8.81 and $14.38 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.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Wednesday June 06, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Clearside BioMedical, Inc 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 $11.63. On a fall, the stock will find some support from the short-term average at $10.00. 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Clearside BioMedical, Inc finds support from accumulated volume at $10.52.

Support: $10.52 Price: $10.70 Resistance: $11.42

Risk

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 $0.34 between high and low, or 3.28%. For the last week, the stock has had a daily average volatility of 5.16%.

Our recommended stoploss: $10.02 (-6.35%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 7 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Clearside BioMedical, Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

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