RDUS Forecast and Technical Stock Analysis
Hold candidate since 2019-08-20
Radius Health fell by -0.39% in the last day ( Tuesday, 20th Aug 2019 ) from $23.05 to $22.96 and has now fallen 3 days in a row. During the day the stock fluctuated 2.10% from a day low at $22.66 to a day high of $23.14. The price has fallen in 7 of the last 10 days , but is still up by 6.59% over the past 2 weeks. 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 -19 050 shares and in total 256 681 shares bought and sold for approximately $5.89 million.
- 30 day high of the RDUS stock price was $24.70 and low was $19.24.
- 90 day high was $25.40 and low was $19.24.
- 52 week high for Radius Health - $25.40 and low - $12.81.
Radius Health 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 2.69% during the next 3 months and, with 90% probability hold a price between $20.32 and $26.03 at the end of this period.
Radius Health 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 $22.85 and $22.54. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday August 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 60 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Radius Health finds support from accumulated volume at $22.00.
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 $0.48 between high and low, or 2.10%. For the last week, the stock has had a daily average volatility of 3.00%.
Our recommended stop-loss: $21.91 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 day(s) ago.)
3.00 %Average volatility
Very Low Low Medium High Very High
Radius Health holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|RDUS $22.96 ($-0.09 -0.39%)|
RDUS is down $0.09 today, but where's it headed in 2019?
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