DCTH - Delcath Systems Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Sell candidate since 2017-02-24
Delcath Systems Stock Analysis
Delcath Systems fell by -12.42% in the last day, from USD 0.16 to USD 0.14. , and has now fallen 4 day in a row The price has fallen in 6 of the last 10 days and is down by -35.62% for this period. Volume increased in the last day by 5.47 million shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 9.52 million shares bought and sold for approximately USD 1.33 million.
Delcath Systems lies the upper part of a very wide and strong falling 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 USD 0.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -93.2% during the next 3 months and, with 90% probability hold a price between USD -0.05 and USD 0.01 at the end of this period.
There are few to none technical positive signals at the moment. Delcath Systems holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 USD 0.17 and USD 0.31. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 22, 2017, which indicates further falls until a new bottom pivot has been found. Delcath Systems gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. On the upside the stock meets some resistance from accumulated volume at USD 0.17, USD 0.17 and USD 0.17.
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 USD 0.03 between high and low, or 20.57%. For the last week, the stock has had a daily average volatility of 27.28%.
Delcath Systems is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Delcath Systems holds several negative signals and is within a very wide and strong falling trend, so we believe it will still perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.