Viveve Medical Inc Stock Analysis
Technical stock analysis for 18 January 2019
Viveve Medical Inc gained 3.45% in the last trading day, rising from $1.16 to $1.20 The price has fallen in 7 of the last 10 days , but is still up by 5.26% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 117 184 more shares were traded than the day before. In total, 254 497 shares bought and sold for approximately $305 396.00.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the VIVE stock was $1.20. This is 3.45% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 6.84% from a day low at $1.17 to a day high of $1.25.
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 - $4.93 and low - $0.93.
Viveve Medical Inc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $1.19, a level that may pose a second chance to hit a runner. According to fan-theory $2.24 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
A buy signal was issued from a pivot bottom point on Thursday January 17, 2019, which indicates further gains until a new top pivot has been found. Viveve Medical Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $1.22 and $1.35. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Viveve Medical Inc finds support from accumulated volume at $1.17.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.08 between high and low, or 6.84%. For the last week, the stock has had a daily average volatility of 10.32%.
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 $1.20 $0.04(3.45%)|
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