Hold/Accumulate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
5.93%
PRICE
$1.43
VOLUME
Sell
TREND
Hold
MV LONG
Hold
MV SHORT
Hold
PIVOT
Buy
MACD
Buy
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PhotoMedex Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Hold candidate since 2017-05-23

PhotoMedex gained 5.93% in the last trading day, rising from USD 1.35 to USD 1.43 The price has risen in 5 of the last 10 days and is up by 3.62% over the past 2 weeks. Volume fell in the last day by -11 245 shares, and in total, 46 282 shares bought and sold for approximately USD 66 183. 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.

Trend

PhotoMedex has broken the very wide and strong falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is USD 1.41, a level that may pose a second chance to hit a runner. According to fan-theory USD 1.81 will be the next possible trendtop level and thereby pose a resistancelevel which may not be broken on the first attempt.

Signals

There are mixed signals in the stock today. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday May 22, 2017, which indicates further gains until a new top pivot has been found.

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Support & Resistance

PhotoMedex finds support from accumulated volume at USD 1.42, USD 1.40, and USD 1.32. On the upside the stock meets some resistance from accumulated volume at USD 1.77, USD 1.65 and USD 1.44.

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stockstock is considered to be "high risk". During the last day, the stock moved USD 0.07 between high and low, or 5.04%. For the last week the stock has had a daily average volatility of 8.03%.

Our recommended stoploss: USD 1.37 (-4.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Evaluation

PhotoMedex holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate

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