Sell Candidate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -0.95%
PRICE $1.04
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

BOLLINGER
Sell
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PhotoMedex Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Sell candidate since 2017-09-19 Loss -8.77%

PhotoMedex fell by -0.95% in the last day from $1.05 to $1.04 and has now fallen 3 days in a row. The price has risen in 4 of the last 10 days and is up by 4% over the past 2 weeks. Volume has increased in the last day by 2 276 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 5 056 shares bought and sold for approximately $5 258.

Trend

PhotoMedex 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 6.4% during the next 3 months and, with 90% probability hold a price between $0.82 and $1.38 at the end of this period.

Signals

There are few to none technical positive signals at the moment. PhotoMedex holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $1.06 and $1.06. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday September 19, 2017, which indicates further falls until a new bottom pivot has been found. PhotoMedex gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.

A buy signal from a double bottom formation was found on Tuesday September 12, 2017 and based on theory for this formation the price should go up by 0.04% to $1.04 within 3 trading days since signal was issued (Friday September 15, 2017).

Relative Strength Index (RSI)

RSI14 is 41 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.95 and $0.88. On the upside the stock meets some resistance from accumulated volume at $1.14, $1.22 and $1.23.

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, PhotoMedex finds support just below today's level at $0.95. If this is broken, then the next support from accumulated volume will be at $0.88 and $0.78.

Support: $0.95 Price: $1.04 Resistance: $1.14
S: $0.95 Price: $1.04 R: $1.14

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 $0.01 between high and low, or 0.96%. For the last week, the stock has had a daily average volatility of 8.77%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

The stock stock holds several negative signals and despite the positive trend we believe PhotoMedex will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate

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