Fri 20'th Oct 2017
DBV Technologies S.A. Stock Analysis
Technical stock analysis for Fri 20'th Oct 2017
Buy candidate since 2017-10-19 Gain 1.95%
DBV Technologies S.A. lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $49.66 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.94% during the next 3 months and, with 90% probability hold a price between $42.76 and $52.61 at the end of this period.
Only positive signals in the chart today. DBV Technologies S.A. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $48.08. On a fall, the stock will find some support from the long-term average at approximately $44.94. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday October 19, 2017, 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.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $44.36 and $43.11. On the upside the stock meets some resistance just above today's level from accumulated volume at $48.61, $49.35 and $49.36.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DBV Technologies S.A. finds support just below today's level at $44.36. If this is broken, then the next support from accumulated volume will be at $43.11 and $39.62. The stock is about to test the resistance from accumulated volume at $48.61 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $1.07 between high and low, or 2.24%. For the last week, the stock has had a daily average volatility of 2.94%.
Our recommended stoploss: $45.29 (-5.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Several short-term signals, along with a general good trend, are positive and 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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