Here is why Technicals Are a BEAR on Flexion Therapeutics, Inc. (FLXN)

Flexion Therapeutics, Inc. (NASDAQ:FLXN) fell by -1.72% in Thursday’s trading session from $26.21 to $25.76 and has now fallen 5 consecutive sessions. The price has been moving in both directions for this period, and there has been a 7.83% gain over 10-day period. Volume has increased in Thursday’s trading session by 2.61 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 6.98 M shares exchanged hands for about $179.82 million.

Inside FLXN’s Recent Trend

Flexion Therapeutics, Inc. (FLXN) lies in the middle of a wide and strong rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 13.84% over the course of a quarter and, with 90% chance the price will be floating in the range of $27.63 and $34.33 in this timeframe.

Flexion Therapeutics, Inc. Technical Signals

FLXN has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $27.23. On a drop, the stock is likely to find some support over the long run, which begins at $25.14. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.

Flexion Therapeutics, Inc. (NASDAQ:FLXN) Support And Resistance Levels

Flexion Therapeutics, Inc. (FLXN) recorded volume accumulation so there will probably be a surplus of buyers at $25.30. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $26.21, $28.24 and $29.93.

Accumulated volume is going to prevent the price from rising further at $26.21 and this action will lead the price to take a temporary pause or stay muted for a few days.

Flexion Therapeutics, Inc. (FLXN) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $1.40 between high and low, or 5.47%. The average volatility for the past week stood at 12.46%.

Previous ArticleNext Article

Related Post

YY Inc. (YY) vs. Colony Capital, Inc. Class A (CLN... YY Inc. (NASDAQ:YY) shares are down more than -16.90% this year and recently decreased -4.83% or -$4.77 to settle at $93.95. Colony Capital, Inc. Clas...
Plug Power Inc. (PLUG) Retreats. Hold Signals Abou... Plug Power Inc. (NASDAQ:PLUG) fell by -1.48% in Monday’s trading session from $2.70 to $2.66. The price has fallen in 7 of the last 10 days and is dow...
Inpixon (INPX) vs. BioScrip, Inc. (BIOS): Which is... BioScrip, Inc. (NASDAQ:BIOS), on the other hand, is up 8.93% year to date as of 07/06/2018. It currently trades at $3.17 and has returned 7.82% during...
Critical Comparison: BioPharmX Corporation (BPMX) ... Inpixon (NASDAQ:INPX), on the other hand, is down -97.59% year to date as of 07/11/2018. It currently trades at $0.15 and has returned -7.64% during t...
How Insiders and Institutions are Trading Verizon ... Recent insider trends for Verizon Communications Inc. (NYSE:VZ) have caught the attention of investors. Patters in insider activity can help analysts ...