Evaluation of Arrowhead Research Corporation stock downgraded after the last trading session.
(Updated on Oct 15, 2021)
Sell candidate since 2021-10-15 PDF
The Arrowhead Research Corporation stock price fell by -1.00% on the last day (Friday, 15th Oct 2021) from $66.83 to $66.16. During the day the stock fluctuated 3.87% from a day low at $65.41 to a day high of $67.94. The price has been going up and down for this period, and there has been a 5.69% gain for the last 2 weeks. Volume has increased on the last day by 36 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, 560 thousand shares were bought and sold for approximately $37.03 million.
The stock lies the upper part of a 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 $67.20 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.70% during the next 3 months and, with a 90% probability hold a price between $52.66 and $63.37 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
The Arrowhead Research Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $62.72 and $63.81. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, October 14, 2021, and so far it has fallen -1.00%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
Arrowhead Research Corporation finds support from accumulated volume at $64.93 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 $2.53 between high and low, or 3.87%. For the last week, the stock has had a daily average volatility of 4.24%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Arrowhead Research Corporation stock A Buy?
Arrowhead Research Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.350
Predicted Opening Price for Arrowhead Research Corporation of Monday, October 18, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price October 18, 2021||Current price|
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On Aug 10, 2021 "HC Wainwright" gave "$95.00 - $100.00" rating for ARWR. The price target was changed from $62.78 to 3.1%.
ARWR Insider Trading
|Jun 24, 2021||Sell||5 000||De Backer Marianne||Common Stock|
|Jun 22, 2021||Sell||4 500||Given Douglas B||Common Stock|
|Jun 22, 2021||Sell||3 625||Hassard James||Common Stock|
|Feb 22, 2021||Sell||1 125||Given Douglas B||Common Stock|
|Feb 08, 2021||Buy||90 000||O'brien Patrick||Common Stock|
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