Concordia Healthcare Corp. Fund Forecast

Red day on Wednesday for Concordia Healthcare Corp.
(Updated on Jun 13, 2018)

CXRX Signals & Forecast

There are few to no technical positive signals at the moment. The Concordia Healthcare Corp. fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.190 and $0.293. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 06, 2018, and so far it has fallen -1.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Concordia Healthcare Corp. fund

Concordia Healthcare Corp. finds support from accumulated volume at $0.189 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 1.70%

Concordia Healthcare Corp. is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (CXRX) For The Upcoming Trading Day Of Thursday 14th

For the upcoming trading day on Thursday, 14th we expect Concordia Healthcare Corp. to open at $0.190, and during the day (based on 14 day Average True Range), to move between $0.168 and $0.212, which gives a possible trading interval of +/-$0.0222 (+/-11.70%) up or down from last closing price. If Concordia Healthcare Corp. takes out the full calculated possible swing range there will be an estimated 23.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.189 (0.53%) than the resistance at $0.193 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Concordia Healthcare Corp. fund A Buy?

Concordia Healthcare Corp. 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 fund.

Current score: -4.710 Sell Candidate Unchanged

Predicted Opening Price for Concordia Healthcare Corp. of Thursday, June 14, 2018

The predicted opening price is based on yesterday's movements between high, low, and closing price.