Merus Labs International Inc. Fund Forecast
Merus Labs International Inc. fund price ended at $1.30 on Wednesday, after losing 0%.
(Updated on Aug 09, 2017)
No changes to the price of Merus Labs International Inc. fund on the last trading day (Wednesday, 9th Aug 2017). During the last trading day the fund fluctuated 0.775% from a day low at $1.29 to a day high of $1.30. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.29 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the fund is expected to rise 17.01% during the next 3 months and, with a 90% probability hold a price between $1.51 and $1.61 at the end of this 3-month period.
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MSLI Signals & Forecast
The Merus Labs International Inc. fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $1.30 and $1.28. A breakdown 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 sell signal was issued from a pivot top point on Tuesday, August 08, 2017, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Merus Labs International Inc. fund
On the downside, the fund finds support just below today's level from accumulated volume at $1.19 and $1.18. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Merus Labs International Inc. finds support just below today's level at $1.19. If this is broken, then the next support from accumulated volume will be at $1.18 and $1.17.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0.0100 between high and low, or 0.775%. For the last week the fund has had daily average volatility of 0.775%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSLI) For The Upcoming Trading Day Of Thursday 10th
For the upcoming trading day on Thursday, 10th we expect Merus Labs International Inc. to open at $1.30, and during the day (based on 14 day Average True Range), to move between $1.29 and $1.31, which gives a possible trading interval of +/-$0.0124 (+/-0.96%) up or down from last closing price. If Merus Labs International Inc. takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.19, some $0.110 (8.46%) from the current price of $1.30, our system finds the risk reward attractive.
Is Merus Labs International Inc. fund A Buy?
Merus Labs International Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.
Current score: -1.310 Sell Candidate Unchanged
Predicted Opening Price for Merus Labs International Inc. of Thursday, August 10, 2017
| Fair opening price August 10, 2017 | Current price |
|---|---|
| $1.30 ( 0.256%) | $1.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSLI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.31 | 0.513 % | |
| R2 | 1.30 | 0.219 % | ||
| R1 | 1.30 | 0.0374 % | ||
| Current price: | 1.30 | |||
| Support | S1 | 1.29 | -0.550 % | |
| S2 | 1.29 | -0.732 % | ||
| S3 | 1.29 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.30 | |||
| Support | S1 | 1.19 | -8.46% | |
| S2 | 1.18 | -9.23% | ||
| S3 | 1.17 | -10.00% |
FAQ
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