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AEterna Zentaris Inc. Stock Forecast NASDAQ:AEZS

$0.45 (3.10%)

Volume: 773k

Closed: Dec 07, 2021

Hollow Logo Score: -3.969

AEterna Zentaris Inc. Stock Forecast

$0.45 (3.10%)

Volume: 773k

Closed: Dec 07, 2021

Score Hollow Logo -3.969
Which way will AEZS go? Request
Key Stats
Beta 1.93
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 33 and the stock is currently not being overbought or oversold

Volatile ride for AEterna Zentaris Inc. stock price on Tuesday moving between $0.43 and $0.47
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-05 Loss -26.30%

The AEterna Zentaris Inc. stock price gained 3.10% on the last trading day (Tuesday, 7th Dec 2021), rising from $0.44 to $0.45. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 10.02% from a day low at $0.43 to a day high of $0.47. The price has fallen in 6 of the last 10 days and is down by -5.92% for this period. Volume fell on the last day by -878 thousand shares and in total, 773 thousand shares were bought and sold for approximately $347.30 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 -26.15% during the next 3 months and, with a 90% probability hold a price between $0.29 and $0.45 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The AEterna Zentaris Inc. 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 $0.54. On a fall, the stock will find some support from the short-term average at $0.45. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 12.38%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

AEterna Zentaris Inc. finds support from accumulated volume at $0.44 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0427 between high and low, or 10.02%. For the last week the stock has had a daily average volatility of 11.56%.

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

Is AEterna Zentaris Inc. stock A Buy?

AEterna Zentaris Inc. 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: -3.969

Predicted Opening Price for AEterna Zentaris Inc. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$0.45 $0.45 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Oct 25, 2021 "HC Wainwright" gave "" rating for AEZS. The price target was changed from $0.59 to 3.5%.

Volatility and Risk
Daily Average Volatility: 11.56 %
Overall Risk: Very High High Medium Low Very Low
Volatility
11.56 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.49
Price: $0.45
Support: $0.44

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.49 9.20 %
0.47 5.57 %
0.46 3.32 %
Current price: 0.45
Support 0.43 -3.93 %
0.42 -6.17 %
0.41 -9.80 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.55 22.91 %
0.50 11.23 %
0.49 9.01 %
Current price 0.45
Support 0.44 -3.00%
0.43 -4.09%
0.40 -11.01%

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About AEterna Zentaris Inc.

AEterna Zentaris Aeterna Zentaris Inc., a specialty biopharmaceutical company, engages in developing and commercializing novel treatments in oncology, endocrinology, and women's health. The company’s product pipeline includes Zoptrex, which is in Phase III clinical study zoptarelin doxorubicin in endometrial cancer (ZoptEC) of the compound in women with advanced, recurrent, or metastatic endometrial cancer, as well as completed Phase II clinical trial for the tr... Read more

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