Fri 23'rd Feb 2018
Infinity Pharmaceuticals Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||3.76% ( 2018-01-31 )|
Given the current horizontal trend you can expect Infinity Pharmaceuticals with 90% probability to be traded between $1.73 and $2.35 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.
A buy signal was issued from a pivot bottom point on Thursday February 22, 2018, which indicates further gains until a new top pivot has been found. 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 $1.85. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
Infinity Pharmaceuticals finds support from accumulated volume at $1.82. On the upside the stock meets some resistance just above today's level from accumulated volume at $1.87, $1.98 and $1.99.
The stock is about to test the resistance from accumulated volume at $1.87 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.14 between high and low, or 8.14%. For the last week the stock has had a daily average volatility of 5.79%.
Our recommended stoploss: $1.75 (-5.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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