Markets

Alnylam Pharmaceuticals, Inc. (ALNY) Technical Analysis 12/09/2017

Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) gained 6.77% in yesterday’s session, going up from its prior closing price of $73.69 to $78.68, and has now recorded rally in 3 consecutive sessions. Many in the market will be closely watching whether this winning streak is sustainable or take a temporary pause for the next couple of trading sessions. The price has been moving in both directions for this period, and there has been a -5.57% loss over 10-day period. Trading activity decreased by -0.11 million shares, and in total, 1.17 M shares exchanged hands for about $92.06 million. It should be noted that increasing price and decreasing volume show lack of interest and this is a warning that something has fundamentally changed.

Inside ALNY’s Recent Trend

Alnylam Pharmaceuticals, Inc. (ALNY) lies in the middle of a wide and weak rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 4.32% over the course of a quarter and, with 90% chance the price will be floating in the range of $75.79 and $93.05 in this timeframe.

Alnylam Pharmaceuticals, Inc. Technical Signals



ALNY has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $81.77 and $81.88. A buy signal will be generated if it crosses above any of these levels. Some upbeat technical points have emerged as well, putting a major impact on the future growth of the stock in the next couple of days. Its pivot point low generated buy signal on Thursday September 07, 2017, which calls for additional surge until the stock forms a new pivot point high. There was a decrease in volume but the price rose. This is usually not interpreted as a good sign as traders widely believe falling volume should see declining stock. Investors should be watching the price action like a hawk in the coming sessions.

Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) Support And Resistance Levels

Alnylam Pharmaceuticals, Inc. (ALNY) recorded volume accumulation so there will probably be a surplus of buyers at $75.94. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $79.41, $79.97 and $84.52.




Accumulated volume is going to prevent the price from rising further at $79.41 and this action will lead the price to take a temporary pause or stay muted for a few days.

Alnylam Pharmaceuticals, Inc. (ALNY) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $4.12 between high and low, or 5.50%. The average volatility for the past week stood at 5.56%.

 

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