Arch Biopartners Inc Stock Forecast
Red day on Friday for Arch Biopartners Inc stock after losing 1.20%
(Updated on May 17, 2024)
The Arch Biopartners Inc stock price fell by -1.20% on the last day (Friday, 17th May 2024) from $1.25 to $1.23. During the last trading day the stock fluctuated 0.82% from a day low at $1.23 to a day high of $1.24. The price has fallen in 5 of the last 10 days and is down by -4.65% for this period. Volume has increased on the last day by 2 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, 3 thousand shares were bought and sold for approximately $3.32 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.20 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.81% during the next 3 months and, with a 90% probability hold a price between $1.29 and $2.07 at the end of this 3-month period.
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ACHFF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arch Biopartners Inc 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 $1.25 and $1.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -32.47%. Further fall is indicated until a new bottom pivot has been found. Arch Biopartners Inc 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Arch Biopartners Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.16 and $1.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Arch Biopartners Inc finds support just below today's level at $1.16. If this is broken, then the next support from accumulated volume will be at $1.10 and $1.06.
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 $0.0101 between high and low, or 0.82%. For the last week, the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACHFF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Arch Biopartners Inc to open at $1.23, and during the day (based on 14 day Average True Range), to move between $1.18 and $1.28, which gives a possible trading interval of +/-$0.0454 (+/-3.69%) up or down from last closing price. If Arch Biopartners Inc takes out the full calculated possible swing range there will be an estimated 7.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.29 (4.88%) than the support at $1.16 (5.69%), 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.
Earnings coming up
Arch Biopartners Inc will release earnings BMO on Wednesday, May 22, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0100. We will update the financials statements for Arch Biopartners Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.91% in the first trading day after earnings release.
Is Arch Biopartners Inc stock A Buy?
The Arch Biopartners Inc stock holds several negative signals and despite the positive trend, we believe Arch Biopartners Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.446 Sell Candidate Unchanged
Predicted Opening Price for Arch Biopartners Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $1.23 ( 0.274%) | $1.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACHFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.24 | 1.09 % | |
| R2 | 1.24 | 0.781 % | ||
| R1 | 1.24 | 0.587 % | ||
| Current price: | 1.23 | |||
| Support | S1 | 1.23 | -0.0400 % | |
| S2 | 1.23 | -0.234 % | ||
| S3 | 1.22 | -0.547 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.50 | 21.95 % | |
| R2 | 1.30 | 5.69 % | ||
| R1 | 1.29 | 4.88 % | ||
| Current price | 1.23 | |||
| Support | S1 | 1.16 | -5.69% | |
| S2 | 1.10 | -10.56% | ||
| S3 | 1.06 | -13.82% |
FAQ
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