ARCA biopharma Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of ABIO
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ARCA biopharma stock price down 0% on Thursday
(Updated on Oct 03, 2024)
Hold candidate since Sep 04, 2024
No changes to the price of ARCA biopharma stock on the last trading day (Thursday, 3rd Oct 2024). During the last trading day the stock fluctuated 0% from a day low at $2.40 to a day high of $2.40. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.10% during the next 3 months and, with a 90% probability hold a price between $1.05 and $2.77 at the end of this 3-month period.
ABIO Signals & Forecast
There are mixed signals in the stock today. The ARCA biopharma 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 $2.40 and $2.75. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, August 30, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for ARCA biopharma stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $2.26 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (ABIO) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect ARCA biopharma to open at $2.40, and during the day (based on 14 day Average True Range), to move between $2.33 and $2.47, which gives a possible trading interval of +/-$0.0731 (+/-3.04%) up or down from last closing price. If ARCA biopharma takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.50, some $0.100 (4.17%) from the current price of $2.40, our system finds the risk reward not very attractive.
Is ARCA biopharma stock A Buy?
ARCA biopharma holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score:
0.000
Hold/Accumulate
Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $2.40 ( 0%). 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 | |
|---|---|---|
| R3 | 2.40 | - |
| R2 | 2.40 | - |
| R1 | 2.40 | - |
| Price | 2.40 | |
| S1 | 2.40 | - |
| S2 | 2.40 | - |
| S3 | 2.40 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.90 | 20.83% |
| R2 | 2.74 | 14.17% |
| R1 | 2.50 | 4.17% |
| Price | 2.40 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
ABIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | $1.59 | 5.30% |
| 2 | Aug 26, 2024 | Aug 26, 2024 | Aug 28, 2024 | $1.59 | 3.80% |
FAQ
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