Fri 17'th Aug 2018
Ianthus Capital Holdings Inc Stock Analysis
Technical stock analysis for Fri 17'th Aug 2018
Ianthus Capital Holdings Inc gained 1.84% in the last trading day, rising from $4.87 to $4.96 The price has fallen in 7 of the last 10 days and is down by -9.19% for this period. Volume fell in the last day by -102 965 shares, and in total, 105 067 shares bought and sold for approximately $521 132.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Ianthus Capital Holdings Inc lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $4.74 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.71% during the next 3 months and, with 90% probability hold a price between $5.57 and $7.48 at the end of this period.
Ianthus Capital Holdings Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $5.02. On a fall, the stock will find some support from the long-term average at approximately $4.95. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday August 14, 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. 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 57 and the stock is currently not being overbought or oversold
Support & Resistance
Ianthus Capital Holdings Inc finds support from accumulated volume at $4.88.
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 $0.21 between high and low, or 4.38%. For the last week the stock has had a daily average volatility of 5.78%.
Our recommended stoploss: $4.70 (-5.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
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Several short-term signals, along with a general good trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.Click for Top 5 Buy Candidates
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