AEterna Zentaris Inc. Stock Forecast
Is AEterna Zentaris Inc. stock still a buy after falling -6.17% on Tuesday?
(Updated on Jul 02, 2024)
The AEterna Zentaris Inc. stock price fell by -6.17% on the last day (Tuesday, 2nd Jul 2024) from $4.70 to $4.41. During the last trading day the stock fluctuated 7.28% from a day low at $4.41 to a day high of $4.73. The price has fallen in 6 of the last 10 days and is down by -25.38% for this period. Volume has increased on the last day by 1 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, 2 thousand shares were bought and sold for approximately $10.66 thousand.
Given the current short-term trend, the stock is expected to rise 72.17% during the next 3 months and, with a 90% probability hold a price between $7.59 and $20.90 at the end of this 3-month period.
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AEZS Signals & Forecast
There are few to no technical positive signals at the moment. The AEterna Zentaris 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 $4.51 and $7.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -56.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). AEterna Zentaris 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 AEterna Zentaris Inc. 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.
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 $0.321 between high and low, or 7.28%. For the last week, the stock has had daily average volatility of 4.44%.
AEterna Zentaris Inc. is oversold on RSI14 (16). 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 (AEZS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect AEterna Zentaris Inc. to open at $4.52, and during the day (based on 14 day Average True Range), to move between $3.96 and $4.86, which gives a possible trading interval of +/-$0.449 (+/-10.18%) up or down from last closing price. If AEterna Zentaris Inc. takes out the full calculated possible swing range there will be an estimated 20.36% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.55, some $0.140 (3.17%) from the current price of $4.41, our system finds the risk reward not very attractive.
Is AEterna Zentaris Inc. stock A Buy?
The AEterna Zentaris Inc. stock holds several negative signals and despite the positive trend, we believe AEterna Zentaris Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.058 Sell Candidate Unchanged
Predicted Opening Price for AEterna Zentaris Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$4.52 ( 2.43%) | $4.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEZS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.84 | 9.71% |
R2 | 4.72 | 6.93% |
R1 | 4.64 | 5.21% |
Price | 4.41 | |
S1 | 4.39 | -0.354% |
S2 | 4.32 | -2.07% |
S3 | 4.20 | -4.86% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.62 | 4.76% |
R2 | 4.59 | 4.02% |
R1 | 4.55 | 3.17% |
Price | 4.41 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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