Tue 23'rd May 2017
PhotoMedex Stock Analysis
Technical stock analysis for Tue 23'rd May 2017
Hold candidate since 2017-05-23
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.
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.
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.)