Buy Score Rank #1881 out of #5176
Wed 26'th Jul 2017
RXI Pharmaceuticals Corporation Stock Analysis
Technical stock analysis for Wed 26'th Jul 2017
Buy candidate since 2017-07-25 Gain 3.13%
RXI Pharmaceuticals Corporation 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 10.37% during the next 3 months and, with 90% probability hold a price between $0.62 and $0.84 at the end of this period.
RXI Pharmaceuticals Corporation 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 $0.63 and $0.62. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday July 20, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
RXI Pharmaceuticals Corporation finds support from accumulated volume at . On the upside the stock meets some resistance from accumulated volume at $0.75, $0.67 and $0.68.
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 $0.03 between high and low, or 4.76%. For the last week the stock has had a daily average volatility of 6.43%.
Our recommended stoploss: $0.62 (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
Your capital is at risk.