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$6.68 (-1.47%)

Volume: 5M

Closed: Nov 29, 2021

Hollow Logo Score: -2.996

Amyris Stock Forecast

$6.68 (-1.47%)

Volume: 5M

Closed: Nov 29, 2021

Score Hollow Logo -2.996
Which way will AMRS go? Request
Key Stats
Beta 1.65
* 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 11 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Monday for Amyris stock after losing 1.47%
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-05 Loss -52.59%

The Amyris stock price fell by -1.47% on the last day (Monday, 29th Nov 2021) from $6.78 to $6.68. and has now fallen 3 days in a row. During the day the stock fluctuated 6.30% from a day low at $6.51 to a day high of $6.92. The price has fallen in 8 of the last 10 days and is down by -16.5% for this period. Volume has increased on the last day by 964 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, 5 million shares were bought and sold for approximately $31.00 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 $6.31 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -33.36% during the next 3 months and, with a 90% probability hold a price between $4.21 and $8.60 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amyris 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 $6.90 and $11.19. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Amyris finds support from accumulated volume at $6.62 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 $0.41 between high and low, or 6.30%. For the last week, the stock has had a daily average volatility of 8.30%.

Amyris is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is Amyris stock A Buy?

Amyris 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: -2.996

Predicted Opening Price for Amyris of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$6.70 $6.68 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 09, 2021 "Roth Capital" gave "$22.00 - $15.00" rating for AMRS. The price target was changed from $8.91 to 31.4%.

Volatility and Risk
Daily Average Volatility: 8.30 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.30 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $7.51
Price: $6.68
Support: $6.62

AMRS Insider Trading Show all Trades

INSIDER POWER

1.229

Last 100 transactions
Buy: 36 821 332 | Sell: 29 969 138 (Shares)
Date Action Amount Person Type
Sep 09, 2021 Buy 3 778 230 Doerr L John Warrant (Right to Buy)
Sep 09, 2021 Sell 3 778 230 Doerr L John Warrant (Right to Buy)
Sep 02, 2021 Sell 3 483 Kelsey Nicole Common Stock
Sep 02, 2021 Sell 17 605 Alvarez Eduardo Common Stock
Sep 02, 2021 Sell 24 380 Kieftenbeld Hermanus Common Stock
Show all Insider Trades
INSIDER POWER

1.229

Last 100 transactions
Buy: 36 821 332 | Sell: 29 969 138 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.11 6.49 %
6.96 4.14 %
6.86 2.69 %
Current price: 6.68
Support 6.55 -2.00 %
6.45 -3.44 %
6.29 -5.79 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 7.96 19.16 %
7.66 14.67 %
7.51 12.43 %
Current price 6.68
Support 6.62 -0.90%
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About Amyris

Amyris Amyris, Inc. provides various alternatives to a range of petroleum-sourced products worldwide. The company uses its industrial bioscience technology to design microbes primarily yeast, as well as to convert plant-sourced sugars into renewable hydrocarbons. It produces and sells Biofene that converts to squalane, which is used as an emollient in cosmetics and other personal care products; and natural oils and aroma chemicals for the flavors and fr... Read more

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