Weaker Buy Today PFNX ranks #1564 as BUY CANDIDATE #1564 Stronger Buy

PFNX stock forecast Pfenex Inc

PFNX stock forecast

Monday November 11, 2019 Change -2.06% Price $10.45
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell
Bullish vs. Bearish (2 opinions)
50%
50%
Social Sentiment -0.05

PFNX Forecast and Technical Stock Analysis


Buy candidate since 2019-10-14 Gain 16.63% PDF

Pfenex Inc fell by -2.06% in the last day ( Monday, 11th Nov 2019 ) from $10.67 to $10.45 During the day the stock fluctuated 5.79% from a day low at $10.02 to a day high of $10.60. The price has risen in 5 of the last 10 days and is up by 12% 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 -373 200 shares and in total 200 702 shares bought and sold for approximately $2.10 million.

Quick summary:

  • 30 day high of the PFNX stock price was $11.39 and low was $8.58.
  • 90 day high was $11.39 and low was $6.40.
  • 52 week high for Pfenex Inc - $11.39 and low - $3.13.
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Trend

Pfenex 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 33.1% during the next 3 months and, with 90% probability hold a price between $11.49 and $15.41 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 $10.03 and $9.04. 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 Friday November 08, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 68 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 $9.20 and $8.62.

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, Pfenex Inc finds support just below today's level at $9.20. If this is broken, then the next support from accumulated volume will be at $8.62 and $8.50.

Support: $9.20 Price: $10.45 Resistance: $10.67

Risk

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 $0.58 between high and low, or 5.79%. For the last week, the stock has had a daily average volatility of 8.24%.

Our recommended stop-loss: $9.93 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)

8.24 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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. 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 Buy Candidate.

Weaker Buy Today PFNX ranks #1564 as BUY CANDIDATE #1564 Stronger Buy
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