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Amarin Corporation PLC Stock Forecast NASDAQ:AMRN

$3.61 (-2.17%)

Volume: 5M

Closed: Dec 08, 2021

Hollow Logo Score: -2.662

Amarin Corporation PLC Stock Forecast

$3.61 (-2.17%)

Volume: 5M

Closed: Dec 08, 2021

Score Hollow Logo -2.662
Which way will AMRN go? Request
Key Stats
Beta 0.63
* 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 28 and the stock is currently not being overbought or oversold

Amarin Corporation PLC stock price down 2.17% on Wednesday
(Updated on Dec 08, 2021)

Sell candidate since 2021-12-08

The Amarin Corporation PLC stock price fell by -2.17% on the last day (Wednesday, 8th Dec 2021) from $3.69 to $3.61. During the day the stock fluctuated 4.21% from a day low at $3.54 to a day high of $3.69. The price has been going up and down for this period, and there has been a -5.5% loss for the last 2 weeks. Volume has increased on the last day by 3 million 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, 5 million shares were bought and sold for approximately $16.99 million.

The stock lies in the middle of a 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 -32.70% during the next 3 months and, with a 90% probability hold a price between $2.25 and $2.72 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 Monday, November 29, 2021, and so far it has risen 1.40%. 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 Amarin Corporation 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 $3.62 and $4.15. 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

Amarin Corporation PLC finds support from accumulated volume at $3.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.15 between high and low, or 4.21%. For the last week, the stock has had a daily average volatility of 4.22%.

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

Is Amarin Corporation PLC stock A Buy?

Amarin Corporation PLC holds several negative signals and is within a 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: -2.662

Predicted Opening Price for Amarin Corporation PLC of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$3.61 $3.61 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Sep 26, 2021 "SVB Leerink" gave "$12.00" rating for AMRN. The price target was changed from $5.40 to 0.7%.

Volatility and Risk
Daily Average Volatility: 4.22 %
Overall Risk: Very High High Medium Low Very Low
4.22 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $3.90
Price: $3.61
Support: $3.60

AMRN Insider Trading Show all Trades



Last 100 transactions
Buy: 1 334 671 | Sell: 379 574 (Shares)
Date Action Amount Person Type
Sep 01, 2021 Buy 100 000 Marks Jason M. Stock Option (Right to Buy)
Aug 31, 2021 Buy 1 527 Ketchum Steven B Ordinary Shares
Aug 31, 2021 Buy 1 527 Ketchum Steven B Ordinary Shares
Aug 31, 2021 Buy 3 054 Ketchum Steven B Ordinary Shares
Aug 31, 2021 Sell 3 127 Ketchum Steven B Ordinary Shares
Show all Insider Trades


Last 100 transactions
Buy: 1 334 671 | Sell: 379 574 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.76 4.23 %
3.71 2.65 %
3.67 1.68 %
Current price: 3.61
Support 3.56 -1.48 %
3.52 -2.45 %
3.46 -4.03 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 4.24 17.45 %
4.11 13.85 %
3.90 8.03 %
Current price 3.61
Support 3.60 -0.28%
3.57 -1.11%
3.56 -1.39%

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About Amarin Corporation PLC

Amarin  PLC Amarin Corporation plc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States. The company’s lead product includes Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia. It is also involved in developing Vascepa for the treatment... Read more

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