Social Sentiment for CRMD
Bullish vs. Bearish opinions
Weighted Sentiment 0.84
CorMedix Inc Forecast and Stock Analysis
Technical CRMD stock analysis for Wednesday June 19, 2019.
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.
- 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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
CorMedix Inc finds support from accumulated volume at $7.40.
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
Very Low Low Medium High Very High
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.
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|CRMD $7.60 ($0.40 5.56%)|
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