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 AMRN
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Green day on Wednesday for Amarin Corporation PLC
(Updated on Mar 27, 2024)

Sell candidate since Feb 29, 2024 Loss -16.90% PDF

The Amarin Corporation PLC stock price gained 2.68% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.87 to $0.89. During the last trading day the stock fluctuated 7.12% from a day low at $0.86 to a day high of $0.92. The price has been going up and down for this period, and there has been a 3.04% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 643 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.10 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.796 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.92% during the next 3 months and, with a 90% probability hold a price between $0.701 and $1.14 at the end of this 3-month period.

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AMRN Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 8.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Amarin Corporation PLC 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amarin Corporation PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.04. On a fall, the stock will find some support from the short-term average at $0.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Amarin Corporation PLC stock

Amarin Corporation PLC finds support from accumulated volume at $0.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0609 between high and low, or 7.12%. For the last week, the stock has had daily average volatility of 5.76%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AMRN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Amarin Corporation PLC to open at $0.89, and during the day (based on 14 day Average True Range), to move between $0.83 and $0.95, which gives a possible trading interval of +/-$0.0641 (+/-7.21%) up or down from last closing price. If Amarin Corporation PLC takes out the full calculated possible swing range there will be an estimated 14.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.87 (2.16%) than the resistance at $0.92 (3.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Amarin Corporation PLC stock A Buy?

Amarin Corporation PLC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.230 Sell Candidate Unchanged

Predicted Opening Price for Amarin Corporation PLC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.89 ( 0.281%) $0.89

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

Trading levels for AMRN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.95 6.57 %
R2 0.92 3.95 %
R1 0.91 2.34 %
Current price: 0.89
Support S1 0.86 -2.90 %
S2 0.85 -4.51 %
S3 0.83 -7.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.07 20.33 %
R2 0.97 9.19 %
R1 0.92 3.91 %
Current price 0.89
Support S1 0.87 -2.16%
S2 0.86 -2.78%
S3 0.86 -2.95%

FAQ

What is the symbol for Amarin Corporation PLC Stock and on which exchange is it traded?
The symbol for Amarin Corporation PLC is AMRN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Amarin Corporation PLC Stock?
Amarin Corporation PLC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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

What's the current price of Amarin Corporation PLC Stock?
As of the end of day on the 2024-03-27, the price of an Amarin Corporation PLC (AMRN) share was $0.89.

What is the 52-week high and low for Amarin Corporation PLC Stock?
The 52-week high for Amarin Corporation PLC Stock is $1.58 and the 52-week low is $0.651.

What is the market capitalization of Amarin Corporation PLC Stock?
As of the 2024-03-27, the market capitalization of Amarin Corporation PLC is 363.526M.

When is the next earnings date for Amarin Corporation PLC?
The upcoming earnings date for Amarin Corporation PLC is May 01, 2024.
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About Amarin Corporation PLC

Amarin  PLC Amarin Corporation plc, a pharmaceutical company, engages in the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States, Germany, Canada, Lebanon, and the United Arab Emirates. Its lead product is VASCEPA, a prescription-only omega-3 fatty acid product, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia. The company sells its p... AMRN Profile

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