Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Wednesday June 19, 2019 Change 5.56% Price $7.60
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Social Sentiment for CRMD

Today's data is from 2 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.84

Will CRMD stock price go up or down on Thu, 20 Jun 2019?

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CorMedix Inc Forecast and Stock Analysis

Technical CRMD stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-17 Gain 4.83%


CorMedix Inc gained 5.56% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $7.20 to $7.60 During day the stock fluctuated 7.77% from a day low at $7.08 to a day high of $7.63. The price has been going up and down for this period, and there has been a 16.56% gain for the last 2 weeks. Volume fell in the last day by -13 517 shares, and in total, 196 060 shares bought and sold for approximately $1.49 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.

Quick summary:

  • 30 day high of the CRMD stock price was $8.26 and low was $5.75.
  • 90 day high was $10.76 and low was $1.57.
  • 52 week high for the CorMedix Inc - $10.76 and low - $0.21.

Trend

CorMedix Inc 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 -5.56% during the next 3 months and, with 90% probability hold a price between $5.20 and $9.50 at the end of this period.

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Signals

CorMedix Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $7.50 and $7.13. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 14, 2019, 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.

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Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

CorMedix Inc finds support from accumulated volume at $7.40.

Support: $7.40 Price: $7.60 Resistance: $7.83

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 $0.55 between high and low, or 7.77%. For the last week the stock has had a daily average volatility of 6.46%.

Our recommended stoploss: $7.28 (-4.20%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 3 days ago.)

6.46 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Buy Candidate Upgraded
Weaker Buy Today CRMD ranks #674 as BUY CANDIDATE #674 Stronger Buy

Will CRMD stock price go up or down on Thu, 20 Jun 2019?

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