Today PFNX ranks # as BUY CANDIDATE.
Today PFNX ranks # as BUY CANDIDATE.

PFNX stock Pfenex Inc

PFNX stock
Pfenex Inc

February 15, 2019
Change 3.07%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will PFNX stock price go up or down on Tue, 19 Feb 2019?

Pfenex Inc Forecast and Stock Analysis

Technical PFNX stock analysis for February 15, 2019.

Buy candidate since 2019-02-15
Shorts 11.82% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 2.79
ROA -33.90

Pfenex Inc gained 3.07% in the last trading day, rising from $3.91 to $4.03 The price has risen in 6 of the last 10 days and is up by 3.33% over the past 2 weeks. Volume fell in the last day by -15 177 shares, and in total, 42 860 shares bought and sold for approximately $172 726.00. 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.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PFNX stock was $4.03. This is 3.07% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 5.60% from a day low at $3.93 to a day high of $4.15.

30 day high of the PFNX stock price was $4.31 and low was $3.40.
90 day high was $4.86 and low was $3.13.
52 week high for the Pfenex Inc - $8.42 and low - $3.13.

Trend

Pfenex Inc lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.23 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.59% during the next 3 months and, with 90% probability hold a price between $2.72 and $3.86 at the end of this period.

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Signals

Pfenex 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 $3.91 and $3.78. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 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. 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.

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Relative Strength Index (RSI)

RSI14 is 63 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Pfenex Inc finds support from accumulated volume at $3.96.

Support: $3.96 Price: $4.03 Resistance: $4.05

Risk

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 $0.22 between high and low, or 5.60%. For the last week the stock has had a daily average volatility of 6.48%.

Our recommended stoploss: $3.84 (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Today PFNX ranks # as BUY CANDIDATE.
Today PFNX ranks # as BUY CANDIDATE.