Green day on Friday for Assembly Biosciences
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-26 PDF
The Assembly Biosciences stock price gained 1.29% on the last trading day (Friday, 26th Nov 2021), rising from $2.32 to $2.35. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 6.19% from a day low at $2.26 to a day high of $2.40. The price has fallen in 6 of the last 10 days and is down by -18.69% for this period. Volume fell on the last day by -6 million shares and in total, 728 thousand shares were bought and sold for approximately $1.71 million. 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 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 $2.21 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.43% during the next 3 months and, with a 90% probability hold a price between $1.69 and $2.31 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 22, 2021, and so far it has risen 4.44%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Assembly Biosciences stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $2.97. On a fall, the stock will find some support from the short-term average at $2.34. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
Assembly Biosciences finds support from accumulated volume at $2.32 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 $0.14 between high and low, or 6.19%. For the last week, the stock has had a daily average volatility of 5.42%.
Assembly Biosciences is oversold on RSI14 (12). 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 Assembly Biosciences stock A Buy?
Assembly Biosciences 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: -3.911
Predicted Opening Price for Assembly Biosciences of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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On Sep 13, 2021 "HC Wainwright" gave "$3.50" rating for ASMB. The price target was set to $3.23+2.9%.
ASMB Insider Trading
|Aug 09, 2021||Sell||12 156||Mchutchison John G||Common Stock|
|Jul 22, 2021||Buy||10 938||Samar Michael P.||Common Stock|
|Jul 19, 2021||Buy||30 000||Houghton Michael||Stock Option (right to buy)|
|May 27, 2021||Sell||4 129||Delaney William E Iv||Common Stock|
|May 20, 2021||Buy||30 000||Johnson-pratt Lisa||Stock Option (right to buy)|
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