Puma Biotechnology Inc(NYSE:PBYI) Analysis
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 51.25.
The projected lower bound is: 35.76.
The projected closing price is: 43.51.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 26 black candles for a net of 2 black candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 19.9667. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 41 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 28.28. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 17 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -132.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 17 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 15 period(s) ago.
Rex Takasugi – TD Profile
PUMA BIOTECHNLGY closed down -0.250 at 43.550. Volume was 51% above average (neutral) and Bollinger Bands were 111% wider than normal.
Open High Low Close Volume___
42.600 45.750 42.600 43.550 255,650
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 52.14 58.24 42.77
Volatility: 127 89 102
Volume: 230,672 177,084 145,407
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
PUMA BIOTECHNLGY is currently 1.8% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of PBYI.N (mildly bearish). Our trend forecasting oscillators are currently bearish on PBYI.N and have had this outlook for the last 10 periods. Our momentum oscillator is currently indicating that PBYI.N is currently in an oversold condition.
Increase your trading profits
Increase your trading profits by trying MetaStocks Xenith 30 day free trial.
Latest posts by HEFFX Australia (see all)
- Walt Disney Co (NYSE:DIS) Stock Upward Trend - December 13, 2017
- Tabula Rasa HealthCare Inc (NASDAQ:TRHC) Heffx Technical Analysis - December 13, 2017
- Tesla Inc (NASDAQ:TSLA) Stock Overbought - December 13, 2017