EMIS Forecast and Technical Stock Analysis
Sell candidate since 2019-07-19
Emisphere Technologies, Inc fell by -0.53% in the last day ( Friday, 19th Jul 2019 ) from $9.40 to $9.35 During the day the stock fluctuated 1.73% from a day low at $9.26 to a day high of $9.42. The price has fallen in 7 of the last 10 days and is down by -5.27% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -8 243 shares and in total 16 404 shares bought and sold for approximately $153 377.00.
- 30 day high of the EMIS stock price was $10.49 and low was $8.88.
- 90 day high was $10.60 and low was $6.10.
- 52 week high for Emisphere Technologies, Inc - $10.60 and low - $1.72.
Emisphere Technologies, Inc has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $9.86. A reaction back to this level may hold a second chance to get out before further falls.
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 $9.42 and $9.67. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday July 01, 2019, 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 13 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $8.70 and $8.20.
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 $8.70. If this is broken, then the next support from accumulated volume will be at $8.20 and $8.18.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Emisphere Technologies, Inc is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.37 %Average volatility
Very Low Low Medium High Very High
The Emisphere Technologies, Inc stock holds several negative signals and despite the positive trend we believe Emisphere Technologies, Inc will perform weak in the next couple of days or weeks. Therefore, we 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.
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