Replimune Group Inc (REPL): Price Now Near $31.9; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for REPL

Currently, REPL (Get Ratings)’s price is up $0.04 (0.13%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as REPL has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Pharmaceutical Products stocks, REPL ranks 87th in regards to today’s price percentage change.

REPL’s Technical Outlook on the Daily Chart

At the moment, REPL’s price is up $0.43 (1.37%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being above it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Replimune Group Inc’s price action over the past 90 days can be seen via the chart below.

REPL

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REPL: Daily RSI Analysis

  • REPL’s RSI now stands at 99.0338.
  • REPL and RSI both have consistent trends, as they are both heading up.

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