Ampio Pharmaceuticals Inc Stock Forecast
Is Ampio Pharmaceuticals Inc stock still a buy after falling -8.29% on Friday?
(Updated on Apr 26, 2024)
The Ampio Pharmaceuticals Inc stock price fell by -8.29% on the last day (Friday, 26th Apr 2024) from $0.350 to $0.321. During the last trading day the stock fluctuated 9.03% from a day low at $0.321 to a day high of $0.350. The price has fallen in 6 of the last 10 days and is down by -48.23% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 619 shares were bought and sold for approximately $198.70 .
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 -75.50% during the next 3 months and, with a 90% probability hold a price between $0.0183 and $0.137 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.
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AMPE 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 Ampio Pharmaceuticals 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 $0.341 and $0.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -35.29%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ampio Pharmaceuticals Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.300 and $0.250. 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, Ampio Pharmaceuticals Inc finds support just below today's level at $0.300. If this is broken, then the next support from accumulated volume will be at $0.250 and $0.242.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0290 between high and low, or 9.03%. For the last week the stock has had daily average volatility of 37.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMPE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Ampio Pharmaceuticals Inc to open at $0.331, and during the day (based on 14 day Average True Range), to move between $0.163 and $0.479, which gives a possible trading interval of +/-$0.158 (+/-49.12%) up or down from last closing price. If Ampio Pharmaceuticals Inc takes out the full calculated possible swing range there will be an estimated 98.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.341 (6.23%) than the support at $0.300 (6.54%), 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.
Is Ampio Pharmaceuticals Inc stock A Buy?
Ampio Pharmaceuticals Inc 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: -5.160 Strong Sell Candidate Unchanged
Predicted Opening Price for Ampio Pharmaceuticals Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.331 ( 3.01%) | $0.321 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMPE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.360 | 12.05 % | |
| R2 | 0.349 | 8.59 % | ||
| R1 | 0.342 | 6.46 % | ||
| Current price: | 0.321 | |||
| Support | S1 | 0.320 | -0.440 % | |
| S2 | 0.313 | -2.57 % | ||
| S3 | 0.302 | -6.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.350 | 9.03 % | ||
| R1 | 0.341 | 6.23 % | ||
| Current price | 0.321 | |||
| Support | S1 | 0.300 | -6.54% | |
| S2 | 0.250 | -22.12% | ||
| S3 | 0.242 | -24.61% |
FAQ
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