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INNL - Innocoll AG Thu 23'rd Feb 2017

Industry: Drugs - Generic Sector: Healthcare
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Sell Candidate

Score: -2.28

#4049 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 85.71%
Risk: Medium
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Stock analysis for Thu 23'rd Feb 2017 (Updated daily)

Sell candidate since 2017-02-23

Innocoll AG Stock Analysis


Innocoll AG fell by -4.03% in the last day, from USD 0.67 to USD 0.64. The price has risen in 5 of the last 10 days days and is up by 10.86% over the past 2 weeks. Volume increased in the last day by 184 797 shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 583 604 shares bought and sold for approximately USD 373 507.

Trend

Innocoll AG has broken the very wide and strong falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is USD 0.55, a level that may pose a second chance to hit a runner. According to fan-theory USD 1.64 will be the next possible trendtop level and thereby pose a resistancelevel which may not be broken on the first attempt.

Signals

There are few to none technical positive signals at the moment. Innocoll AG holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at USD 0.66 and USD 0.64. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday February 17, 2017, which indicates further falls until a new bottom pivot has been found. Innocoll AG 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".

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Support & Resistance

Innocoll AG finds support from accumulated volume at USD 0.63, USD 0.61, and USD 0.60. On the upside the stock meets some resistance from accumulated volume at USD 0.69, USD 0.68 and USD 0.70.

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 0.06 between high and low, or 9.03%. For the last week, the stock has had a daily average volatility of 11.49%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Evaluation

Innocoll AG holds several negative signals and is within a very wide and strong falling trend, so we believe it will still perform weak in the next couple of days or weeks. We therefore 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.

Sell Candidate


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