Aridis Pharmaceuticals Inc. Stock Forecast
Aridis Pharmaceuticals Inc. stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Aridis Pharmaceuticals Inc. stock price gained 4.35% on the last trading day (Thursday, 28th Mar 2024), rising from $0.0748 to $0.0780. During the last trading day the stock fluctuated 9.09% from a day low at $0.0715 to a day high of $0.0780. The price has been going up and down for this period, and there has been a -7.14% loss for the last 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 19 thousand shares were bought and sold for approximately $1.47 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.35% during the next 3 months and, with a 90% probability hold a price between $0.0758 and $0.0998 at the end of this 3-month period.
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ARDS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -7.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Aridis Pharmaceuticals Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0757 and $0.0754. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Aridis Pharmaceuticals Inc. stock
Aridis Pharmaceuticals Inc. finds support from accumulated volume at $0.0750 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0065 between high and low, or 9.09%. For the last week the stock has had daily average volatility of 7.79%.
Our recommended stop-loss: $0.0742 (-4.93%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (ARDS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Aridis Pharmaceuticals Inc. to open at $0.0758, and during the day (based on 14 day Average True Range), to move between $0.0717 and $0.0843, which gives a possible trading interval of +/-$0.0063 (+/-8.13%) up or down from last closing price. If Aridis Pharmaceuticals Inc. takes out the full calculated possible swing range there will be an estimated 16.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0800 (2.56%) than the support at $0.0750 (3.85%), 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 Aridis Pharmaceuticals Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aridis Pharmaceuticals Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.971 Buy Candidate Upgraded
Predicted Opening Price for Aridis Pharmaceuticals Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.0758 ( 2.78%) | $0.0780 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARDS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0823 | 5.56 % | |
R2 | 0.0799 | 2.37 % | ||
R1 | 0.0783 | 0.406 % | ||
Current price: | 0.0780 | |||
Support | S1 | 0.0734 | -5.96 % | |
S2 | 0.0718 | -7.93 % | ||
S3 | 0.0693 | -11.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0895 | 14.74 % | |
R2 | 0.0840 | 7.69 % | ||
R1 | 0.0800 | 2.56 % | ||
Current price | 0.0780 | |||
Support | S1 | 0.0750 | -3.85% | |
S2 | 0.0690 | -11.54% | ||
S3 | 0.0680 | -12.82% |
FAQ
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