Pfenex Inc Forecast and Stock Analysis
Technical PFNX stock analysis for April 24, 2019.
|Shorts||1.91% ( 2019-03-29 )|
Pfenex Inc gained 1.38% in the last trading day, rising from $5.81 to $5.89 , 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. The price has fallen in 6 of the last 10 days and is down by -4.69% for this period. Volume fell in the last day by -40 609 shares, and in total, 152 214 shares bought and sold for approximately $896 540.00. 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 (Wednesday, 24th Apr 2019) of the PFNX stock was $5.89. This is 1.38% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 7.09% from a day low at $5.58 to a day high of $5.97.
30 day high of the PFNX stock price was $6.68 and low was $5.40.
90 day high was $6.68 and low was $3.40.
52 week high for the Pfenex Inc - $8.42 and low - $3.13.
Pfenex Inc 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 $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 74.14% during the next 3 months and, with 90% probability hold a price between $10.17 and $12.96 at the end of this period.
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 $5.79 and $5.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 22, 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.
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
Pfenex Inc finds support from accumulated volume at $5.82.
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 $0.40 between high and low, or 7.09%. For the last week the stock has had a daily average volatility of 8.06%.
Our recommended stoploss: $5.57 (-5.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and 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.
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|PFNX $5.89 ($0.08 1.38%)|
PFNX is up $0.08 today, but where's it headed in 2019?
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