uniQure N.V. Forecast and Stock Analysis
Technical QURE stock analysis for February 15, 2019.
uniQure N.V. gained 4.14% in the last trading day, rising from $35.97 to $37.46 The price has been going up and down for this period, and there has been a 6.54% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 86 664 more shares were traded than the day before. In total, 641 845 shares bought and sold for approximately $24.04 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the QURE stock was $37.46. This is 4.14% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 6.43% from a day low at $35.30 to a day high of $37.57.
30 day high of the QURE stock price was $39.85 and low was $30.24.
90 day high was $39.85 and low was $24.07.
52 week high for the uniQure N.V. - $43.23 and low - $20.29.
uniQure 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 27.1% during the next 3 months and, with 90% probability hold a price between $38.19 and $50.48 at the end of this period.
Only positive signals in the chart today. uniQure 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 $36.66 and $32.08. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 67 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 $31.84 and $31.05.
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, uniQure N.V. finds support just below today's level at $31.84. If this is broken, then the next support from accumulated volume will be at $31.05 and $28.94.
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 $2.27 between high and low, or 6.43%. For the last week, the stock has had a daily average volatility of 7.86%.
Our recommended stoploss: $35.60 (-4.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
uniQure 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. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.