aTyr Pharma Stock Forecast
Evaluation of aTyr Pharma stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The aTyr Pharma stock price fell by -1.23% on the last day (Wednesday, 24th Apr 2024) from $1.62 to $1.60. During the last trading day the stock fluctuated 5.10% from a day low at $1.57 to a day high of $1.65. The price has fallen in 8 of the last 10 days and is down by -9.6% for this period. Volume has increased on the last day by 66 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 288 thousand shares were bought and sold for approximately $460.41 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.58 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect aTyr Pharma stock with a 90% probability to be traded between $1.56 and $1.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LIFE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.629%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The aTyr Pharma stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.61 and $1.78. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). aTyr Pharma gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 31.23% to $2.10 within 27 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for aTyr Pharma stock
aTyr Pharma finds support from accumulated volume at $1.60 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 5.10%. For the last week, the stock has had daily average volatility of 4.98%.
aTyr Pharma is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LIFE) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect aTyr Pharma to open at $1.61, and during the day (based on 14 day Average True Range), to move between $1.50 and $1.70, which gives a possible trading interval of +/-$0.0996 (+/-6.23%) up or down from last closing price. If aTyr Pharma takes out the full calculated possible swing range there will be an estimated 12.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.60 (0.31%) than the resistance at $1.88 (17.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is aTyr Pharma stock A Buy?
aTyr Pharma holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.139 Sell Candidate Downgraded
Predicted Opening Price for aTyr Pharma of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.61 ( 0.417%) | $1.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIFE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.69 | 5.42 % | |
| R2 | 1.66 | 3.51 % | ||
| R1 | 1.64 | 2.33 % | ||
| Current price: | 1.60 | |||
| Support | S1 | 1.58 | -1.49 % | |
| S2 | 1.56 | -2.67 % | ||
| S3 | 1.53 | -4.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.97 | 23.13 % | |
| R2 | 1.91 | 19.38 % | ||
| R1 | 1.88 | 17.50 % | ||
| Current price | 1.60 | |||
| Support | S1 | 1.60 | -0.313% | |
| S2 | 1.59 | -0.625% | ||
| S3 | 1.55 | -3.13% |
FAQ
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