USRM breaks below prior session low

U.S. Stem Cell, Inc. (USRM) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


USRM breaks below previous session low


USRM finished Thursday at 0.0343 losing $0.0027 (-7.3%). Closing below Wednesday's low at 0.0350, the share confirms its breakout through the previous session's low having traded $0.0020 below it intraday.

Daily Candlestick Chart (USRM as at May 17, 2018):

Daily technical analysis candlestick chart for U.S. Stem Cell, Inc. (USRM) as at May 17, 2018

Thursday's trading range was $0.0043 (11.59%), that's below last trading month's daily average range of $0.0073. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Despite a strong opening US Stem Cell closed below the prior day's open and close, forming a bearish Engulfing Candle.

Though still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Buying could speed up should prices move above the close-by swing high at 0.0400 where further buy stops might get activated.

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