Fri 15'th Jun 2018
Edge Therapeutics Stock Analysis
Technical stock analysis for Fri 15'th Jun 2018
Edge Therapeutics gained 8.47% in the last trading day, rising from $0.95 to $1.03 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 13.69% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.91 million more shares were traded than the day before. In total, 1.23 million shares bought and sold for approximately $0.00.
|Shorts||2.43% ( 2018-05-31 )|
Edge Therapeutics 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 -56.91% during the next 3 months and, with 90% probability hold a price between $-4.75 and $3.34 at the end of this period.
Only positive signals in the chart today. Edge Therapeutics holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $0.96 and $0.97. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday June 13, 2018, which indicates further gains until a new top pivot has been found. Edge Therapeutics has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
Edge Therapeutics finds support from accumulated volume at $1.02.
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 $0.10 between high and low, or 10.56%. For the last week, the stock has had a daily average volatility of 5.04%.
Our recommended stoploss: $0.99 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
Trade EDGE CFDs with Plus500
Your capital is at risk.
Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Access these features
Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder