Viveve Medical Inc Stock Analysis
Technical stock analysis for 23 January 2019
Viveve Medical Inc fell by -1.75% in the last day from $1.14 to $1.12 and has now fallen 3 days in a row. The price has fallen in 7 of the last 10 days , but is still up by 16.65% 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 -28 188 shares and in total 135 420 shares bought and sold for approximately $151 670.00.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the VIVE stock was $1.12. This is 1.75% less than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 12.50% from a day low at $1.04 to a day high of $1.17.
30 day high of the VIVE stock price was $1.34 and low was $0.93.
90 day high was $3.66 and low was $0.93.
52 week high for the Viveve Medical Inc - $4.83 and low - $0.93.
Viveve Medical Inc lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.25 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -66.71% during the next 3 months and, with 90% probability hold a price between $0.05 and $0.42 at the end of this period.
There are few to none technical positive signals at the moment. Viveve Medical Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $1.19 and $1.29. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday January 18, 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.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Viveve Medical Inc finds support from accumulated volume at $1.10.
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 $0.13 between high and low, or 12.50%. For the last week the stock has had a daily average volatility of 11.89%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Viveve Medical Inc 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 stock.
|VIVE $1.12 $-0.02(-1.75%)|
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