Tue 18'th Sep 2018
KalVista Pharmaceuticals Inc Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||1.31% ( 2018-08-31 )|
KalVista Pharmaceuticals Inc fell by -5.69% in the last day from $17.05 to $16.08 and has now fallen 3 days in a row. The price has fallen in 8 of the last 10 days and is down by -11.06% for this period. Volume has increased in the last day by 23 363 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 139 506 shares bought and sold for approximately $2.24 million.
KalVista Pharmaceuticals 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 $15.04 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 116.41% during the next 3 months and, with 90% probability hold a price between $32.55 and $45.77 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday September 14, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. KalVista Pharmaceuticals 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 $16.49. On a fall, the stock will find some support from the long-term average at approximately $14.75. 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.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $15.20 and $15.15.
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, KalVista Pharmaceuticals Inc finds support just below today's level at $15.20. If this is broken, then the next support from accumulated volume will be at $15.15 and $14.92.
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 $1.45 between high and low, or 9.37%. For the last week, the stock has had a daily average volatility of 10.75%.
Our recommended stoploss: $15.16 (-5.73%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 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.Click for Top 5 Buy Candidates
|KALV $16.08 $-0.97(-5.69%)|
KALV is down $0.97 today, but where's it headed in October?
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