OVAS Forecast and Technical Stock Analysis
Buy candidate since 2019-11-14 Gain 10.17% PDF
Ovascience Inc. gained 2.21% in the last trading day ( Thursday, 21st Nov 2019 ), rising from $8.16 to $8.34 , and has now gained 4 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 the day the stock fluctuated 6.50% from a day low at $7.85 to a day high of $8.36. The price has risen in 6 of the last 10 days and is up by 4.25% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4 606 more shares were traded than the day before. In total, 29 032 shares bought and sold for approximately $242 127.00.
- 30 day high of the OVAS stock price was $8.36 and low was $6.79.
- 90 day high was $8.36 and low was $4.56.
- 52 week high for Ovascience Inc. - $17.34 and low - $0.66.
Ovascience Inc. lies in the middle of a very 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 31.84% during the next 3 months and, with 90% probability hold a price between $8.77 and $12.20 at the end of this period.
Only positive signals in the chart today. 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 $7.94 and $7.45. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday November 13, 2019, which indicates further gains until a new top pivot has been found. Ovascience Inc. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 71 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
On the downside, the stock finds support just below today's level from accumulated volume at $6.98 and $6.96.
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 $6.98. If this is broken, then the next support from accumulated volume will be at $6.96 and $6.84.
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 $0.51 between high and low, or 6.50%. For the last week, the stock has had a daily average volatility of 4.05%.
Our recommended stop-loss: $8.00 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
4.05 %Average volatility
Very Low Low Medium High Very High
Ovascience Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|OVAS $8.34 ($0.18 2.21%)|
OVAS is up $0.18 today, but where's it headed in 2020?
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