Fri 20'th Apr 2018
MannKind Corporation Stock Analysis
Technical stock analysis for Fri 20'th Apr 2018
MannKind Corporation fell by -5.03% in the last day from $1.79 to $1.70 The price has fallen in 6 of the last 10 days and is down by -5.03% 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 -4.53 million shares and in total 3.67 million shares bought and sold for approximately $6.24 million.
|Shorts||18.07% ( 2018-03-29 )|
MannKind Corporation 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 $1.46 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.97% during the next 3 months and, with 90% probability hold a price between $1.02 and $1.89 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. MannKind Corporation 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 $2.28. On a fall, the stock will find some support from the short-term average at $1.69. 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 April 19, 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 33 and the stock is currently not being overbought or oversold
Support & Resistance
MannKind Corporation finds support from accumulated volume at $1.69. On the upside the stock meets some resistance from accumulated volume at $1.79.
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 $0.13 between high and low, or 7.78%. For the last week, the stock has had a daily average volatility of 5.16%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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