Armata Pharmaceuticals Inc. Stock Forecast
High volatility in Armata Pharmaceuticals Inc. stock price on Friday which ended trading at $2.49
(Updated on May 03, 2024)
No changes to the price of Armata Pharmaceuticals Inc. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 10.66% from a day low at $2.44 to a day high of $2.70. The price has fallen in 5 of the last 10 days and is down by -6.57% for this period.
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 $2.37 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.06% during the next 3 months and, with a 90% probability hold a price between $1.89 and $3.03 at the end of this 3-month period.
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ARMP Signals & Forecast
There are mixed signals in the stock today. The Armata 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 $2.55 and $3.24. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 3.75%. 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).
Support, Risk & Stop-loss for Armata Pharmaceuticals Inc. stock
Armata Pharmaceuticals Inc. finds support from accumulated volume at $2.40 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.260 between high and low, or 10.66%. For the last week the stock has had daily average volatility of 14.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARMP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Armata Pharmaceuticals Inc. to open at $2.54, and during the day (based on 14 day Average True Range), to move between $2.20 and $2.78, which gives a possible trading interval of +/-$0.292 (+/-11.73%) up or down from last closing price. If Armata Pharmaceuticals Inc. takes out the full calculated possible swing range there will be an estimated 23.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.50 (0.40%) than the support at $2.40 (3.61%), 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.
Earnings coming up
Armata Pharmaceuticals Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.280. We will update the financials statements for Armata Pharmaceuticals Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.12% in the first trading day after earnings release.
Is Armata Pharmaceuticals Inc. stock A Buy?
Armata Pharmaceuticals Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.990 Sell Candidate Unchanged
Predicted Opening Price for Armata Pharmaceuticals Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $2.54 ( 2.14%) | $2.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARMP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.80 | 12.58 % | |
| R2 | 2.70 | 8.59 % | ||
| R1 | 2.64 | 6.13 % | ||
| Current price: | 2.49 | |||
| Support | S1 | 2.44 | -1.85 % | |
| S2 | 2.38 | -4.31 % | ||
| S3 | 2.28 | -8.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.94 | 18.07 % | |
| R2 | 2.55 | 2.41 % | ||
| R1 | 2.50 | 0.402 % | ||
| Current price | 2.49 | |||
| Support | S1 | 2.40 | -3.61% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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