Ianthus Capital Holdings Inc Stock Analysis
Technical stock analysis for 18 January 2019
Ianthus Capital Holdings Inc gained 5.18% in the last trading day, rising from $4.47 to $4.70 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a 7.16% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 37 901 more shares were traded than the day before. In total, 149 063 shares bought and sold for approximately $700 596.00.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the ITHUF stock was $4.70. This is 5.18% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 8.11% from a day low at $4.37 to a day high of $4.72.
30 day high of the ITHUF stock price was $4.85 and low was $3.55.
90 day high was $6.03 and low was $3.34.
52 week high for the Ianthus Capital Holdings Inc - $7.27 and low - $2.20.
Ianthus Capital Holdings Inc 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 -17.08% during the next 3 months and, with 90% probability hold a price between $2.84 and $4.22 at the end of this period.
Only positive signals in the chart today. Ianthus Capital Holdings 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 $4.55 and $4.33. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 16, 2019, which indicates further gains until a new top pivot has been found. Ianthus Capital Holdings Inc 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.
Relative Strength Index (RSI)
The stock holds a RSI14 at 72 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $4.35 and $4.06.
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, Ianthus Capital Holdings Inc finds support just below today's level at $4.35. If this is broken, then the next support from accumulated volume will be at $4.06 and $3.95.
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 $0.35 between high and low, or 8.11%. For the last week, the stock has had a daily average volatility of 6.99%.
Our recommended stoploss: $4.50 (-4.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 72 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.