Emisphere Technologies, Inc Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
Emisphere Technologies, Inc fell by -1.43% in the last day from $2.46 to $2.42 The price has been going up and down for this period, and there has been a -5.47% loss for the last 2 weeks. Volume has increased in the last day by 21 481 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, 27 016 shares bought and sold for approximately $65 378.70.
Given the current horizontal trend you can expect Emisphere Technologies, Inc with 90% probability to be traded between $1.93 and $2.51 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Emisphere Technologies, Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $2.40 and $2.16. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday December 11, 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 65 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 $2.12 and $2.10.
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, Emisphere Technologies, Inc finds support just below today's level at $2.12. If this is broken, then the next support from accumulated volume will be at $2.10 and $2.09.
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 $0.21 between high and low, or 9.25%. For the last week, the stock has had a daily average volatility of 6.21%.
Our recommended stoploss: $2.32 (-4.17%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 1 days ago.)
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Several short-term signals 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 period.
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