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Alkermes plc Stock Forecast NASDAQ:ALKS

$22.04 (-0.32%)

Volume: 1M

Closed: Dec 03, 2021

Hollow Logo Score: -2.689

Alkermes plc Stock Forecast

$22.04 (-0.32%)

Volume: 1M

Closed: Dec 03, 2021

Score Hollow Logo -2.689
Which way will ALKS go? Request
Key Stats
P/E Ratio -38.87
Beta 0.74
* 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 31 and the stock is currently not being overbought or oversold

Red day on Friday for Alkermes plc
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-09 Loss -11.24%

The Alkermes plc stock price fell by -0.32% on the last day (Friday, 3rd Dec 2021) from $22.11 to $22.04. During the day the stock fluctuated 2.36% from a day low at $21.79 to a day high of $22.31. The price has fallen in 7 of the last 10 days and is down by -5.57% for this period. Volume has increased on the last day by 345 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, 1 million shares were bought and sold for approximately $30.81 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.16 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.03% during the next 3 months and, with a 90% probability hold a price between $15.65 and $20.30 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 2.65%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alkermes plc 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 $22.18 and $26.63. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Alkermes plc finds support from accumulated volume at $21.92 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 $0.52 between high and low, or 2.36%. For the last week, the stock has had a daily average volatility of 3.61%.

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

Is Alkermes plc stock A Buy?

Alkermes plc 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.

Current score: -2.689

Predicted Opening Price for Alkermes plc of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$22.05 $22.04 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Dec 01, 2021 "Citigroup" gave "$22.00" rating for ALKS. The price target was changed from $21.75 to 0.8%.

Volatility and Risk
Daily Average Volatility: 3.61 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.61 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $24.52
Price: $22.04
Support: $21.92

ALKS Insider Trading Show all Trades

INSIDER POWER

1.707

Last 100 transactions
Buy: 741 061 | Sell: 434 087 (Shares)
Date Action Amount Person Type
Dec 02, 2021 Sell 5 578 Cooke Shane Restricted Stock Unit Award
Dec 02, 2021 Sell 2 901 Cooke Shane Ordinary Shares
Dec 02, 2021 Buy 5 578 Cooke Shane Ordinary Shares
Dec 02, 2021 Sell 5 578 Anstice David W Restricted Stock Unit Award
Dec 02, 2021 Sell 1 339 Anstice David W Ordinary Shares
Show all Insider Trades
INSIDER POWER

1.707

Last 100 transactions
Buy: 741 061 | Sell: 434 087 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 22.56 2.36 %
22.36 1.47 %
22.24 0.92 %
Current price: 22.04
Support 21.85 -0.87 %
21.73 -1.42 %
21.53 -2.31 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 24.83 12.66 %
24.69 12.02 %
24.52 11.25 %
Current price 22.04
Support 21.92 -0.54%
21.47 -2.59%
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About Alkermes plc

Alkermes plc Alkermes plc, a biopharmaceutical company, researches, develops, and commercializes pharmaceutical products that are designed to address unmet medical needs of patients in various therapeutic areas worldwide. The company’s marketed products include ARISTADA (aripiprazole lauroxil) for the treatment of schizophrenia; VIVITROL (naltrexone for extended-release injectable suspension) for the treatment of alcohol and opioid dependence; INVEGA SUSTENN... Read more

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