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OVAS - Ovascience Inc.

Industry: Biotechnology Sector: Healthcare Exchange: NASDAQ

OVAS - Ovascience Inc.

Industry: Biotechnology Sector: Healthcare Exchange: NASDAQ

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE -0.63%
PRICE $0.94





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Ovascience Inc. Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Hold candidate since 2018-06-15

Ovascience Inc. fell by -0.63% in the last day from $0.95 to $0.94 The price has risen in 6 of the last 10 days and is up by 8.44% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -33 830 shares and in total 220 572 shares bought and sold for approximately $0.00.

Shorts 5.07% ( 2018-05-31 )
Cash 162.3 mill
Loans n/a
Beta 3.22
ROA -46.70


Ovascience Inc. lies in the middle of a 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 14.21% during the next 3 months and, with 90% probability hold a price between $0.96 and $1.17 at the end of this period.

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Ovascience Inc. holds buy signals from both short- and long-term moving averages. In addition, 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 $0.93 and $0.93. A break down 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 sales signal was issued from a pivot top point on Thursday June 14, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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A sell signal from a double top formation was found on Friday June 08, 2018 and based on theory for this formation the price should fall by -0.06% to $0.87 within 7 trading days since signal was issued (Tuesday June 19, 2018).

Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.82 and $0.81.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ovascience Inc. finds support just below today's level at $0.82. If this is broken, then the next support from accumulated volume will be at $0.81 and $0.80.

Support: $0.82 Price: $0.94 Resistance: $0.95


In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $0.90 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High


Ovascience Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.

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