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Assembly Biosciences Stock Forecast NASDAQ:ASMB

$2.35 (1.29%)

Volume: 728k

Closed: Nov 26, 2021

Hollow Logo Score: -3.911

Assembly Biosciences Stock Forecast

$2.35 (1.29%)

Volume: 728k

Closed: Nov 26, 2021

Score Hollow Logo -3.911
Which way will ASMB go? Request
Key Stats
Beta 0.32
* 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 12 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

Green day on Friday for Assembly Biosciences
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

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
$2.34 $2.35 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Sep 13, 2021 "HC Wainwright" gave "$3.50" rating for ASMB. The price target was set to $3.23+2.9%.

Volatility and Risk
Daily Average Volatility: 5.42 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.42 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.38
Price: $2.35
Support: $2.32

ASMB Insider Trading Show all Trades

INSIDER POWER

25.857

Last 100 transactions
Buy: 3 421 407 | Sell: 132 318 (Shares)
Date Action Amount Person Type
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)
Show all Insider Trades
INSIDER POWER

25.857

Last 100 transactions
Buy: 3 421 407 | Sell: 132 318 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.48 5.39 %
2.42 3.11 %
2.39 1.71 %
Current price: 2.35
Support 2.28 -2.84 %
2.25 -4.25 %
2.20 -6.52 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.89 22.98 %
2.60 10.64 %
2.38 1.28 %
Current price 2.35
Support 2.32 -1.28%
2.29 -2.55%
2.25 -4.26%

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About Assembly Biosciences

Assembly Biosciences Assembly Biosciences, Inc., a biotechnology company, develops oral therapeutics for the treatment of hepatitis B virus (HBV) infection and to restore health to a dysbiotic microbiome in the United States. It is involved in developing core protein allosteric modulators that modulate the HBV core protein, a polyfunctional viral protein at various points in the viral lifecycle. The company also develops microbiome program, a platform that includes t... Read more

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