Previous Hold Today TRVN ranks #1827 as HOLD CANDIDATE #1827 Next Hold

TRVN stock forecast Trevena

TRVN stock forecast

Thursday October 17, 2019 Change -2.01% Price $0.96
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell
Bullish vs. Bearish (3 opinions)
100%
0%
Social Sentiment 0.22

TRVN Forecast and Technical Stock Analysis


Hold candidate since 2019-10-17 PDF

Trevena fell by -2.01% in the last day ( Thursday, 17th Oct 2019 ) from $0.98 to $0.96 During the day the stock fluctuated 4.17% from a day low at $0.96 to a day high of $1.00. The price has fallen in 6 of the last 10 days and is down by -9.43% for this period. 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 -27 604 shares and in total 156 511 shares bought and sold for approximately $150 251.00.

Quick summary:

  • 30 day high of the TRVN stock price was $1.08 and low was $0.89.
  • 90 day high was $1.08 and low was $0.68.
  • 52 week high for Trevena - $2.00 and low - $0.38.
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Trend

Trevena 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 5.16% during the next 3 months and, with 90% probability hold a price between $0.88 and $1.12 at the end of this period.

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Signals

Trevena 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 $0.96 and $0.94. 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 Wednesday October 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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A sell signal from a double bottom formation was found on Wednesday October 16, 2019 with a target of $0.96. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 52 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

Trevena finds support from accumulated volume at $0.95.

Support: $0.95 Price: $0.96 Resistance: $0.98

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stop-loss: $0.91 (-5.17%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)

5.43 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

Trevena 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.

Previous Hold Today TRVN ranks #1827 as HOLD CANDIDATE #1827 Next Hold
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