Collegium Pharmaceutical Forecast and Stock Analysis
Technical COLL stock analysis for February 15, 2019.
Collegium Pharmaceutical gained 6.48% in the last trading day, rising from $13.89 to $14.79 , 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 fallen in 7 of the last 10 days and is down by -6.92% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 164 421 more shares were traded than the day before. In total, 502 508 shares bought and sold for approximately $7.43 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the COLL stock was $14.79. This is 6.48% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 8.56% from a day low at $13.96 to a day high of $15.16.
30 day high of the COLL stock price was $16.45 and low was $13.10.
90 day high was $19.83 and low was $13.10.
52 week high for the Collegium Pharmaceutical - $29.90 and low - $13.10.
Collegium Pharmaceutical 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 -21.94% during the next 3 months and, with 90% probability hold a price between $9.31 and $12.87 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday February 13, 2019, 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. Collegium Pharmaceutical 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 $15.62. On a fall, the stock will find some support from the short-term average at $14.17. 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.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Collegium Pharmaceutical finds support from accumulated volume at $14.78.
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 $1.19 between high and low, or 8.56%. For the last week, the stock has had a daily average volatility of 5.97%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Collegium Pharmaceutical holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.