Fri 23'rd Feb 2018
Progenics Pharmaceuticals Inc. Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||6.57% ( 2018-01-31 )|
Progenics Pharmaceuticals Inc. lies in the middle of a very wide and weak 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 2.55% during the next 3 months and, with 90% probability hold a price between $5.29 and $6.94 at the end of this period.
Only positive signals in the chart today. Progenics Pharmaceuticals Inc. holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $5.93 and $6.02. 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 08, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
Progenics Pharmaceuticals Inc. finds support from accumulated volume at $6.15. On the upside the stock meets some resistance just above today's level from accumulated volume at $6.27, $6.28 and $6.29.
The stock is about to test the resistance from accumulated volume at $6.27 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.19 between high and low, or 3.18%. For the last week, the stock has had a daily average volatility of 4.29%.
Our recommended stoploss: $5.91 (-3.99%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 10 days ago.)
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