Tue 23'rd May 2017
Delcath Systems Stock Analysis
Technical stock analysis for Tue 23'rd May 2017
Sell candidate since 2017-05-18 Loss -33.33%
Given the current short-term trend, the stock is expected to fall -67.8% during the next 3 months and, with 90% probability hold a price between USD 0.006 and USD 0.019 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 0.03 and USD 0.05. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday May 17, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 20 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. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.
This stock may move much during a day (volatility) and with periodic low trading volume this stockstock is considered to be "high risk". During the last day, the stock moved USD 0.01 between high and low, or 50.00%. For the last week the stock has had a daily average volatility of 30.00%.
Delcath Systems is oversold on RSI14 (20). 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 weakly 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.