Fri 16'th Nov 2018
ProQR Therapeutics N.V. Stock Analysis
Technical stock analysis for Fri 16'th Nov 2018
ProQR Therapeutics N.V. gained 4.83% in the last trading day, rising from $19.48 to $20.42 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -8.84% for this period. Volume fell in the last day by -338 733 shares, and in total, 536 568 shares bought and sold for approximately $10.96 million. 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.
ProQR Therapeutics N.V. lies in the middle of a very wide and strong 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 55.8% during the next 3 months and, with 90% probability hold a price between $27.16 and $46.01 at the end of this period.
Only positive signals in the chart today. ProQR Therapeutics N.V. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $19.20 and $18.90. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday November 14, 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 62 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 $18.65 and $17.55.
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, ProQR Therapeutics N.V. finds support just below today's level at $18.65. If this is broken, then the next support from accumulated volume will be at $17.55 and $15.80.
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 $1.59 between high and low, or 8.23%. For the last week, the stock has had a daily average volatility of 8.27%.
Our recommended stoploss: $19.55 (-4.28%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 2 days ago.)
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ProQR Therapeutics N.V. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
|PRQR $20.42 $0.94(4.83%)|
PRQR is up $0.94 today, but where's it headed in 2019?
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