Tue 31'st Jul 2018
Second Sight Medical Products Stock Analysis
Technical stock analysis for Tue 31'st Jul 2018
|Shorts||17.73% ( 2018-07-13 )|
Second Sight Medical Products gained 1.27% in the last trading day, rising from $1.58 to $1.60 The price has fallen in 6 of the last 10 days and is down by -8.57% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 34 027 more shares were traded than the day before. In total, 199 529 shares bought and sold for approximately $319 246.00.
Second Sight Medical Products lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.96% during the next 3 months and, with 90% probability hold a price between $1.00 and $1.71 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday July 30, 2018, which indicates further gains until a new top pivot has been found. Second Sight Medical Products 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. Second Sight Medical Products holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.71. On a fall, the stock will find some support from the short-term average at $1.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Second Sight Medical Products finds support from accumulated volume at $1.53.
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 $0.09 between high and low, or 5.67%. For the last week, the stock has had a daily average volatility of 5.52%.
Our recommended stoploss: $1.50 (-6.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Second Sight Medical Products 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.Click for Top 5 Hold/Accumulates