Fri 20'th Oct 2017
MannKind Corporation Stock Analysis
Technical stock analysis for Fri 20'th Oct 2017
Buy candidate since 2017-09-29 Gain 89.40%
MannKind Corporation 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 116.56% during the next 3 months and, with 90% probability hold a price between $6.24 and $15.57 at the end of this period.
Only positive signals in the chart today. MannKind Corporation 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 $4.73. On a fall, the stock will find some support from the long-term average at approximately $3.16. 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. A buy signal was issued from a pivot bottom point on Thursday October 19, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
MannKind Corporation finds support from accumulated volume at $3.96. On the upside the stock meets some resistance just above today's level from accumulated volume at $4.13, $4.96 and $5.03.
The stock is about to test the resistance from accumulated volume at $4.13 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.58 between high and low, or 14.99%. For the last week, the stock has had a daily average volatility of 12.92%.
Our recommended stoploss: $3.93 (-4.32%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 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.
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