Friday May 24, 2019 Change 0.00% Price $23.94
Chart period: 2019-02-25 - 2019-05-24
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will MGTX stock price go up or down on Tue, 28 May 2019?

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MeiraGTx Holdings Plc Forecast and Stock Analysis

Technical MGTX stock analysis for Friday May 24, 2019.

Hold candidate since 2019-05-16 Gain 3.77%
Shorts n/a
Insider % 11.90%
Institutional % 24.60%
Beta -0.15
ROA -55.46%
Price to book USD 5.54
P/E Ratio -5.70
Next Earnings Date 2019-08-07


No changes to the price of MeiraGTx Holdings Plc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $23.94 to a day high of $23.94. The price has risen in 6 of the last 10 days and is up by 30.46% over the past 2 weeks.

Quick summary:

  • 30 day high of the MGTX stock price was $24.53 and low was $17.50.
  • 90 day high was $24.53 and low was $12.73.
  • 52 week high for the MeiraGTx Holdings Plc - $24.53 and low - $7.98.

Trend

MeiraGTx Holdings Plc lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $24.69 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 22.1% during the next 3 months and, with 90% probability hold a price between $21.57 and $30.14 at the end of this period.

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Signals

MeiraGTx Holdings Plc 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 $23.69 and $19.93. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday May 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 87 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $21.50 and $21.21.

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, MeiraGTx Holdings Plc finds support just below today's level at $21.50. If this is broken, then the next support from accumulated volume will be at $21.21 and $19.64.

Support: $21.50 Price: $23.94 Resistance: $23.98

Risk

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 $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 3.72%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $23.14 (-3.34%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)

3.72 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Will MGTX stock price go up or down
on Tue, 28 May 2019?

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