Fri 19'th Jan 2018
Ophthotech Corporation Stock Analysis
Technical stock analysis for Fri 19'th Jan 2018
|Shorts||1.88% ( 2017-12-29 )|
Ophthotech Corporation lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $2.78 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.49% during the next 3 months and, with 90% probability hold a price between $3.29 and $4.52 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 18, 2018, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. Ophthotech 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 $3.01. On a fall, the stock will find some support from the short-term average at $2.89. 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.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Ophthotech Corporation finds support from accumulated volume at $2.89. On the upside the stock meets some resistance from accumulated volume at $3.10, $3.14 and $3.20.
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 $0.08 between high and low, or 2.78%. For the last week, the stock has had a daily average volatility of 4.11%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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