High volatility in Univec Inc stock price on Wedne
Post# of 6857
(Total Views: 217)
Posted On: 10/26/2022 7:03:49 PM
High volatility in Univec Inc stock price on Wednesday which ended trading at $0.0065
(Updated on Oct 26, 2022)
Sell candidate since 2022-10-17 Loss -13.33%
Signals & Forecast
There are few to no technical positive signals at the moment. The Univec Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0078 and $0.0101. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, October 06, 2022, and so far it has fallen -54.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Univec Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Univec Inc is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk
Is Univec Inc stock A Buy?
Univec Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -8.022
(Updated on Oct 26, 2022)
Sell candidate since 2022-10-17 Loss -13.33%
Signals & Forecast
There are few to no technical positive signals at the moment. The Univec Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0078 and $0.0101. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, October 06, 2022, and so far it has fallen -54.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Univec Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Univec Inc is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk
Is Univec Inc stock A Buy?
Univec Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -8.022
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