PFNX Forecast and Technical Stock AnalysisSell candidate since 2019-07-10 Loss -2.77%
Pfenex Inc gained 0.51% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $5.94 to $5.97 , 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 4.52% from a day low at $5.84 to a day high of $6.10. The price has risen in 6 of the last 10 days , but is still down by -15.8% for this period. Volume fell in the last day by -43 331 shares, and in total, 80 804 shares bought and sold for approximately $482 400.00. 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 PFNX stock price was $7.64 and low was $5.56.
- 90 day high was $7.64 and low was $5.25.
- 52 week high for the Pfenex Inc - $7.64 and low - $3.13.
Pfenex Inc lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $5.84 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 9.61% during the next 3 months and, with 90% probability hold a price between $6.40 and $8.47 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday July 16, 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. Pfenex Inc 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 $6.14 and $6.65. 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 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 behavior.
Support & Resistance
Pfenex Inc finds support from accumulated volume at $5.89.
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 4.52%. For the last week the stock has had a daily average volatility of 5.91%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.91 %Average volatility
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|PFNX $5.97 ($0.03 0.51%)|
PFNX is up $0.03 today, but where's it headed in 2019?
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