MYOV Forecast and Technical Stock Analysis
Sell candidate since 2019-09-06 Loss -26.23% PDF
Myovant Sciences Ltd gained 1.47% in the last trading day ( Thursday, 17th Oct 2019 ), rising from $5.46 to $5.54 , and has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 4.81% from a day low at $5.41 to a day high of $5.67. The price has risen in 8 of the last 10 days and is up by 10.8% over the past 2 weeks. Volume fell in the last day by -170 246 shares and in total, 189 273 shares bought and sold for approximately $1.05 million. 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 $6.27 and low was $4.57.
- 90 day high was $8.75 and low was $4.57.
- 52 week high for Myovant Sciences Ltd - $26.02 and low - $4.57.
Myovant Sciences Ltd lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -32.85% during the next 3 months and, with 90% probability hold a price between $2.77 and $4.42 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday October 07, 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 a buy signal 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 $5.99. On a fall, the stock will find some support from the short-term average at $5.15. 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. 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 61 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Myovant Sciences Ltd finds support from accumulated volume at $5.27.
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 $0.26 between high and low, or 4.81%. For the last week the stock has had a daily average volatility of 8.05%.
Since the Myovant Sciences Ltd has been rising for 9 days in a row, the risk for the next couple of days has increased.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
8.05 %Average volatility
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|MYOV $5.54 ($0.08 1.47%)|
MYOV is up $0.08 today, but where's it headed in 2019?
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