Ampio Pharmaceuticals Inc Stock Forecast
Ampio Pharmaceuticals Inc stock price up 1.19% on Friday
(Updated on May 03, 2024)
The Ampio Pharmaceuticals Inc stock price gained 1.19% on the last trading day (Friday, 3rd May 2024), rising from $0.252 to $0.255. During the last trading day the stock fluctuated 1.59% from a day low at $0.251 to a day high of $0.255. The price has fallen in 5 of the last 10 days and is down by -48.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 more shares were traded than the day before. In total, 963 shares were bought and sold for approximately $245.57 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.309 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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). Ampio Pharmaceuticals Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 $0.306 and $0.771. 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 -48.60%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ampio Pharmaceuticals Inc stock
Ampio Pharmaceuticals Inc finds support from accumulated volume at $0.251 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 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 $0.0040 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 20.37%.
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 6th
For the upcoming trading day on Monday, 6th we expect Ampio Pharmaceuticals Inc to open at $0.254, and during the day (based on 14 day Average True Range), to move between $0.118 and $0.392, which gives a possible trading interval of +/-$0.137 (+/-53.72%) up or down from last closing price. If Ampio Pharmaceuticals Inc takes out the full calculated possible swing range there will be an estimated 107.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.251 (1.57%) than the resistance at $0.286 (12.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ampio Pharmaceuticals Inc will release earnings -- on Monday, May 06, 2024. We will update the financials statements for Ampio Pharmaceuticals Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.62% in the first trading day after earnings release.
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: -6.779 Strong Sell Candidate Unchanged
Predicted Opening Price for Ampio Pharmaceuticals Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.254 ( 0.523%) | $0.255 |
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 | 0.258 | 1.05 % | |
| R2 | 0.256 | 0.447 % | ||
| R1 | 0.255 | 0.0763 % | ||
| Current price: | 0.255 | |||
| Support | S1 | 0.252 | -1.12 % | |
| S2 | 0.251 | -1.49 % | ||
| S3 | 0.250 | -2.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.300 | 17.65 % | ||
| R1 | 0.286 | 12.16 % | ||
| Current price | 0.255 | |||
| Support | S1 | 0.251 | -1.57% | |
| S2 | 0.250 | -1.96% | ||
| S3 | 0.242 | -5.10% |
FAQ
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