Myovant Sciences Ltd Forecast and Stock Analysis
Technical MYOV stock analysis for Tuesday May 21, 2019.
|Shorts||11.98% ( 2019-04-15 )|
|Price to book||USD 18.97|
|Next Earnings Date||2019-06-05|
Myovant Sciences Ltd gained 2.08% in the last trading day ( Tuesday, 21st May 2019 ), rising from $12.52 to $12.78 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 5.19% from a day low at $12.33 to a day high of $12.97. The price has fallen in 6 of the last 10 days and is down by -29.78% for this period. Volume fell in the last day by -174 593 shares, and in total, 65 627 shares bought and sold for approximately $838 713.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the MYOV stock price was $19.55 and low was $11.65.
- 90 day high was $26.02 and low was $11.65.
- 52 week high for the Myovant Sciences Ltd - $27.45 and low - $11.65.
Myovant Sciences Ltd 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 $12.07 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -31.58% during the next 3 months and, with 90% probability hold a price between $8.26 and $13.69 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday May 17, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Myovant Sciences Ltd holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $13.45 and $18.59. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Myovant Sciences Ltd finds support from accumulated volume at $12.52.
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 $0.64 between high and low, or 5.19%. For the last week the stock has had a daily average volatility of 6.84%.
Myovant Sciences Ltd is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
6.84 %Average volatility
Very Low Low Medium High Very High
Myovant Sciences Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|MYOV $12.78 ($0.26 2.08%)|
MYOV is up $0.26 today, but where's it headed in 2019?
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