Fri 19'th Oct 2018
Ianthus Capital Holdings Inc Stock Analysis
Technical stock analysis for Fri 19'th Oct 2018
Ianthus Capital Holdings Inc fell by -8.70% in the last day from $6.25 to $5.71 The price has been going up and down for this period, and there has been a 2.88% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -601 418 shares and in total 568 248 shares bought and sold for approximately $3.24 million.
Ianthus Capital Holdings Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.38% during the next 3 months and, with 90% probability hold a price between $5.94 and $8.82 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Ianthus Capital Holdings Inc 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 $5.92. On a fall, the stock will find some support from the short-term average at $5.63. 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. A sales signal was issued from a pivot top point on Thursday October 18, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Ianthus Capital Holdings Inc finds support from accumulated volume at $5.52.
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 $0.77 between high and low, or 13.55%. For the last week, the stock has had a daily average volatility of 11.87%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Ianthus Capital Holdings Inc 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.Click for Top 5 Sell Candidates
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