Jaguar Animal Health Forecast and Stock Analysis
Technical JAGX stock analysis for Monday June 24, 2019.
Jaguar Animal Health fell by -2.77% in the last day ( Monday, 24th Jun 2019 ) from $4.69 to $4.56 During day the stock fluctuated 10.42% from a day low at $4.32 to a day high of $4.77. The price has fallen in 8 of the last 10 days and is down by -38.87% for this period. 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 -153 173 shares and in total 145 806 shares bought and sold for approximately $664 875.00.
- 30 day high of the JAGX stock price was $17.00 and low was $3.89.
- 90 day high was $25.55 and low was $3.89.
- 52 week high for the Jaguar Animal Health - $175.00 and low - $3.89.
Jaguar Animal Health lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $3.81 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -63.50% during the next 3 months and, with 90% probability hold a price between $1.39 and $3.24 at the end of this period.
There are few to none technical positive signals at the moment. Jaguar Animal Health holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $5.23 and $10.35. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of 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 $0.45 between high and low, or 10.42%. For the last week the stock has had a daily average volatility of 15.54%.
Jaguar Animal Health is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
15.54 %Average volatility
Very Low Low Medium High Very High
Jaguar Animal Health holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|JAGX $4.56 ($-0.13 -2.77%)|
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