SILO Pharma Inc (NASDAQ:SILO) shares, rose in value, with the stock price up by 54.22% to the previous day’s close as strong demand from buyers drove the stock to $3.47.
Actively observing the price movement in the last trading, the stock closed the session at $2.25. Referring to stock’s 52-week performance, its high was $3.05, and the low was $0.84. On the whole, SILO has fluctuated by 230.54% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SILO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SILO currently trading nearly 210.78% and 136.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.44, while the 7-day volatility ratio is showing 34.05% which for the 30-day chart, stands at 15.07%. Furthermore, SILO Pharma Inc (SILO)’s average true range (ATR) is 0.39.
A comparison of SILO Pharma Inc (SILO) with its peers suggests the former has fared considerably weaker in the market. SILO showed an intraday change of 54.22% in last session, and over the past year, it grew by 70.10%%.
Data on historical trading for SILO Pharma Inc (NASDAQ:SILO) indicates that the trading volumes over the past 3 months, they’ve averaged 3.25 million. According to company’s latest data on outstanding shares, there are 3.69 million shares outstanding.
Nearly 6.10% of SILO Pharma Inc’s shares belong to company insiders and institutional investors own 3.06% of the company’s shares. The stock has risen by 140.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SILO stock heading into the next quarter.
