Rosetta Genomics Ltd. Fund Forecast

Red day on Tuesday for Rosetta Genomics Ltd. fund after losing 0%
(Updated on Jun 05, 2018)

ROSG Signals & Forecast

The Rosetta Genomics Ltd. fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $0.430 and $0.415. A breakdown 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 sell signal was issued from a pivot top point on Friday, May 18, 2018, and so far it has fallen -0.0233%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Rosetta Genomics Ltd. fund

Rosetta Genomics Ltd. finds support from accumulated volume at $0.420 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

The Rosetta Genomics Ltd. fund is extremely overbought on RSI14 (89). This increases the short-term risk substantially.

Our recommended stop-loss: $0.416 (-3.22%) (This fund has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (ROSG) For The Upcoming Trading Day Of Wednesday 6th

For the upcoming trading day on Wednesday, 6th we expect Rosetta Genomics Ltd. to open at $0.430, and during the day (based on 14 day Average True Range), to move between $0.419 and $0.441, which gives a possible trading interval of +/-$0.0108 (+/-2.51%) up or down from last closing price. If Rosetta Genomics Ltd. takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.432 (0.49%) than the support at $0.420 (2.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Rosetta Genomics Ltd. fund A Buy?

Rosetta Genomics Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.420 Hold/Accumulate Unchanged

Predicted Opening Price for Rosetta Genomics Ltd. of Wednesday, June 6, 2018

The predicted opening price is based on yesterday's movements between high, low, and closing price.