Social Sentiment for PRPO
Bullish vs. Bearish opinions
Weighted Sentiment 0.22
Precipio, Inc. Forecast and Stock Analysis
Technical PRPO stock analysis for Monday June 24, 2019.
Precipio, Inc. fell by -3.65% in the last day ( Monday, 24th Jun 2019 ) from $3.01 to $2.90 and has now fallen 10 days in a row. During day the stock fluctuated 7.57% from a day low at $2.90 to a day high of $3.12. The price has fallen in 9 of the last 10 days and is down by -32.71% for this period. 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 -59 748 shares and in total 136 489 shares bought and sold for approximately $395 818.00.
- 30 day high of the PRPO stock price was $6.53 and low was $2.65.
- 90 day high was $10.80 and low was $1.65.
- 52 week high for the Precipio, Inc. - $10.80 and low - $1.65.
Precipio, Inc. lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $2.68 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.95% during the next 3 months and, with 90% probability hold a price between $2.95 and $10.61 at the end of this period.
There are few to none technical positive signals at the moment. Precipio, Inc. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $3.22 and $5.25. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday May 28, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 11 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $2.25 and $2.22.
With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00 may give a huge drop in the stock price.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.22 between high and low, or 7.57%. For the last week the stock has had a daily average volatility of 11.90%.
Precipio, Inc. is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
11.90 %Average volatility
Very Low Low Medium High Very High
The Precipio, Inc. stock holds several negative signals and despite the positive trend we believe Precipio, Inc. will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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|PRPO $2.90 ($-0.11 -3.65%)|
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