RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ABIO
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ARCA biopharma stock price ended at $1.76 on Thursday, after gaining 0.571%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 2.33% PDF

The ARCA biopharma stock price gained 0.571% on the last trading day (Thursday, 28th Mar 2024), rising from $1.75 to $1.76. During the last trading day the stock fluctuated 2.28% from a day low at $1.73 to a day high of $1.77. The price has risen in 6 of the last 10 days and is up by 3.53% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $15.73 thousand.

The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $1.79 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.75% during the next 3 months and, with a 90% probability hold a price between $1.74 and $1.89 at the end of this 3-month period.

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ABIO Signals & Forecast

The ARCA biopharma stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.75 and $1.68. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ARCA biopharma has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Thursday, February 01, 2024 and based on theory for this formation the price should go up by 1.48% to $1.79 within 7 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for ARCA biopharma stock

ARCA biopharma finds support from accumulated volume at $1.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0395 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 2.77%.

Our recommended stop-loss: $1.69 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (ABIO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ARCA biopharma to open at $1.75, and during the day (based on 14 day Average True Range), to move between $1.70 and $1.82, which gives a possible trading interval of +/-$0.0558 (+/-3.17%) up or down from last closing price. If ARCA biopharma takes out the full calculated possible swing range there will be an estimated 6.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.77 (0.57%) than the support at $1.70 (3.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ARCA biopharma stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ARCA biopharma stock to perform well in the short-term.

Current score: 2.370 Buy Candidate Unchanged

Predicted Opening Price for ARCA biopharma of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.75 ( 0.328%) $1.76

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ABIO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.79 1.92 %
R2 1.78 1.06 %
R1 1.77 0.530 %
Current price: 1.76
Support S1 1.74 -1.18 %
S2 1.73 -1.71 %
S3 1.71 -2.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 1.78 1.14 %
R1 1.77 0.568 %
Current price 1.76
Support S1 1.70 -3.41%
S2 1.65 -6.25%
S3 1.64 -6.82%

FAQ

What is the symbol for ARCA biopharma Stock and on which exchange is it traded?
The symbol for ARCA biopharma is ABIO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ARCA biopharma Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ARCA biopharma stock to perform well in the short-term.

How to buy ARCA biopharma Stock?
ARCA biopharma Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ARCA biopharma Stock.

What's the current price of ARCA biopharma Stock?
As of the end of day on the 2024-03-28, the price of an ARCA biopharma (ABIO) share was $1.76.

What is the 52-week high and low for ARCA biopharma Stock?
The 52-week high for ARCA biopharma Stock is $2.16 and the 52-week low is $1.56.

What is the market capitalization of ARCA biopharma Stock?
As of the 2024-03-28, the market capitalization of ARCA biopharma is 25.377M.

When is the next earnings date for ARCA biopharma?
The upcoming earnings date for ARCA biopharma is Apr 22, 2024.
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About ARCA biopharma

ARCA biopharma ARCA biopharma, Inc., a clinical-stage biopharmaceutical company, develops and commercializes genetically targeted therapies for cardiovascular diseases. Its lead product candidates are Recombinant Nematode Anticoagulant Protein c2 (rNAPc2) (AB201), which is in Phase IIb clinical trial for the treatment for COVID-19; and Gencaro (bucindolol hydrochloride), a pharmacogenetically-targeted beta-adrenergic receptor antagonist that has completed Phase... ABIO Profile

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