Tue 31'st Jul 2018
RETA Stock Analysis
Technical stock analysis for Tue 31'st Jul 2018
|Shorts||7.75% ( 2018-07-13 )|
RETA gained 0.26% in the last trading day, rising from $69.93 to $70.11 The price has risen in 7 of the last 10 days and is up by 60.32% over the past 2 weeks. Volume fell in the last day by -166 474 shares, and in total, 321 158 shares bought and sold for approximately $22.52 million. 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.
RETA lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 70% during the next 3 months and, with 90% probability hold a price between $78.51 and $136.67 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday July 25, 2018, which indicates further falls until a new bottom pivot has been found. RETA holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $74.08. On a fall, the stock will find some support from the long-term average at approximately $46.25. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
The stock holds a RSI14 at 80 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
RETA finds support from accumulated volume at $69.93.
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 $2.51 between high and low, or 3.64%. For the last week, the stock has had a daily average volatility of 8.43%.
Our recommended stoploss: $66.67 (-4.90%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from pivot top found 4 days ago.)
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.Click for Top 5 Buy Candidates