Hold/Accumulate
Fri 26'th May 2017

PERIOD COVERED
2017-02-27 - 2017-05-26
CHANGE
-1.74%
PRICE
$5.09
VOLUME
Sell
TREND
Sell
MV LONG
Buy
MV SHORT
Buy
PIVOT
Sell
MACD
Buy
Request Prediction
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EnteroMedics Inc. Stock Analysis

Technical stock analysis for Fri 26'th May 2017

Hold candidate since 2017-05-26

EnteroMedics Inc. fell by -1.74% in the last day, from USD 5.18 to USD 5.09 The price has been going up and down for this period, and there has been a 9.46% gain for the last 2 weeks. 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 -89 046 shares and in total, 336 237 shares bought and sold for approximately USD 1.71 million.

Trend

EnteroMedics Inc. lies the upper part of a very wide and strong falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at USD 5.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -29.3% during the next 3 months and, with 90% probability hold a price between USD 2.38 and USD 3.64 at the end of this period.

Signals

EnteroMedics 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 USD 4.89 and USD 4.82. 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 Thursday May 25, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Support & Resistance

EnteroMedics Inc. finds support from accumulated volume at USD 5.08, USD 4.68, and USD 4.38. On the upside the stock meets some resistance from accumulated volume at USD 6.21, USD 6.10 and USD 6.28.

Risk

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 USD 0.23 between high and low, or 4.62%. For the last week, the stock has had a daily average volatility of 14.66%.

Our recommended stoploss: USD 4.80 (-5.71%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 1 days ago.)

Evaluation

EnteroMedics Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate

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