Fri 15'th Jun 2018
Infinity Pharmaceuticals Stock Analysis
Technical stock analysis for Fri 15'th Jun 2018
Infinity Pharmaceuticals gained 6.98% in the last trading day, rising from $1.72 to $1.84 The price has fallen in 6 of the last 10 days and is down by -8.46% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 414 more shares were traded than the day before. In total, 546 483 shares bought and sold for approximately $0.00.
|Shorts||4.19% ( 2018-05-31 )|
Infinity Pharmaceuticals 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 -16.95% during the next 3 months and, with 90% probability hold a price between $1.28 and $1.74 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday June 14, 2018, which indicates further gains until a new top pivot has been found. Infinity Pharmaceuticals 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Infinity Pharmaceuticals holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $2.01. On a fall, the stock will find some support from the short-term average at $1.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Infinity Pharmaceuticals finds support from accumulated volume at $1.82.
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 $0.14 between high and low, or 8.24%. For the last week, the stock has had a daily average volatility of 6.61%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Infinity Pharmaceuticals holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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