Social Sentiment for VLRX
Bullish vs. Bearish opinions
Weighted Sentiment 0.08
Valera Pharmaceuticals Inc Forecast and Stock Analysis
Technical VLRX stock analysis for Monday May 20, 2019.
|Price to book||USD 17.05|
|Next Earnings Date||2019-08-04|
Valera Pharmaceuticals Inc gained 1 639.69% in the last trading day ( Monday, 20th May 2019 ), rising from $0.24 to $4.09 During day the stock fluctuated 13.79% from a day low at $3.90 to a day high of $4.44. The price has fallen in 7 of the last 10 days , but is still up by 1034.54% over the past 2 weeks. Volume fell in the last day by -4 123 159 shares, and in total, 223 214 shares bought and sold for approximately $912 945.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the VLRX stock price was $4.44 and low was $0.22.
- 90 day high was $4.44 and low was $0.22.
- 52 week high for the Valera Pharmaceuticals Inc - $4.44 and low - $0.22.
Valera Pharmaceuticals Inc has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.70, a level that may pose a second chance to hit a runner. According to fan-theory $1.16 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Valera Pharmaceuticals Inc 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 $0.83 and $0.42. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 17, 2019, 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 also not.
Relative Strength Index (RSI)
RSI14 is 96 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.54 between high and low, or 13.79%. For the last week the stock has had a daily average volatility of 10.15%.
The stock is extremely overbought on RSI14 (96). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stoploss: $3.93 (-3.81%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 96 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)
10.15 %Average volatility
Very Low Low Medium High Very High
Valera Pharmaceuticals Inc 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 for further development. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 53 votes on StockTwits.
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|VLRX $4.09 ($3.85 0%)|
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