Tue 14'th Aug 2018
Emisphere Technologies, Inc Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
Emisphere Technologies, Inc fell by -6.59% in the last day from $2.40 to $2.24 and has now fallen 4 days in a row. The price has fallen in 6 of the last 10 days and is down by -6.67% for this period. Volume has increased in the last day by 10 445 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 29 964 shares bought and sold for approximately $67 119.40.
Emisphere Technologies, Inc lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.85% during the next 3 months and, with 90% probability hold a price between $2.08 and $3.15 at the end of this period.
There are few to none technical positive signals at the moment. Emisphere Technologies, Inc 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 $2.39 and $2.40. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday August 09, 2018, which indicates further falls until a new bottom pivot has been found. Emisphere Technologies, Inc 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". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 30 and the stock is currently not being overbought or oversold
Support & Resistance
Emisphere Technologies, Inc finds support from accumulated volume at $2.21.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.12 (5.36%) between high and low. For the last week, the stock has had a daily average volatility of 3.96%.
Our recommended stoploss: $2.12 (-5.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)
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Emisphere Technologies, Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.Click for Top 5 Hold/Accumulates
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