Yield10 Bioscience Inc Stock Analysis
Technical stock analysis for 18 January 2019
Yield10 Bioscience Inc gained 1.90% in the last trading day, rising from $1.06 to $1.08 The price has risen in 5 of the last 10 days , but is still down by -0.18% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 8 151 more shares were traded than the day before. In total, 22 931 shares bought and sold for approximately $24 767.80.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the YTEN stock was $1.08. This is 1.9% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 3.74% from a day low at $1.07 to a day high of $1.11.
30 day high of the YTEN stock price was $1.20 and low was $0.68.
90 day high was $1.57 and low was $0.68.
52 week high for the Yield10 Bioscience Inc - $3.10 and low - $0.68.
Yield10 Bioscience 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 $1.12 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 -32.91% during the next 3 months and, with 90% probability hold a price between $0.40 and $0.75 at the end of this period.
Yield10 Bioscience 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 $1.08 and $1.06. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 10, 2019, which indicates further gains until a new top pivot has been found. Yield10 Bioscience Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock holds a RSI14 at 71 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Yield10 Bioscience Inc finds support from accumulated volume at $1.08.
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 $0.04 between high and low, or 3.74%. For the last week, the stock has had a daily average volatility of 10.64%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $1.00 (-6.97%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 71 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)
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Yield10 Bioscience 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 Sell Candidate to a Hold/Accumulate.
|YTEN $1.08 $0.02(1.90%)|
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