Unilife Corporation Fund Forecast

Red day on Tuesday for Unilife Corporation fund after losing 0%
(Updated on May 02, 2017)

UNIS Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Unilife Corporation fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.159 and $0.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 17, 2017, and so far it has fallen -24.32%. Further fall is indicated until a new bottom pivot has been found. 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 Unilife Corporation fund

There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.

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%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (UNIS) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Unilife Corporation to open at $0.159, and during the day (based on 14 day Average True Range), to move between $0.0864 and $0.232, which gives a possible trading interval of +/-$0.0726 (+/-45.67%) up or down from last closing price. If Unilife Corporation takes out the full calculated possible swing range there will be an estimated 91.34% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.159, some $0.0001 (0.06%) from the current price of $0.159, our system finds the risk reward not very attractive.

Is Unilife Corporation fund A Buy?

Unilife Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.

Current score: -4.020 Sell Candidate Unchanged

Predicted Opening Price for Unilife Corporation of Wednesday, May 3, 2017

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