Assembly Biosciences Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Assembly Biosciences stock price after Monday trading.
(Updated on Apr 15, 2024)
The Assembly Biosciences stock price gained 1.91% on the last trading day (Monday, 15th Apr 2024), rising from $14.65 to $14.93. During the last trading day the stock fluctuated 4.33% from a day low at $14.55 to a day high of $15.18. The price has risen in 7 of the last 10 days and is up by 15.74% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 17 thousand shares were bought and sold for approximately $259.16 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 strong 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 545.54% during the next 3 months and, with a 90% probability hold a price between $81.15 and $124.44 at the end of this 3-month period.
ASMB Signals & Forecast
The Assembly Biosciences 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 $14.62 and $13.23. 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, April 11, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Assembly Biosciences stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.79 and $12.35. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Assembly Biosciences finds support just below today's level at $13.79. If this is broken, then the next support from accumulated volume will be at $12.35 and $12.27.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.630 between high and low, or 4.33%. For the last week the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: $14.42 (-3.41%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ASMB) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Assembly Biosciences to open at $14.89, and during the day (based on 14 day Average True Range), to move between $14.23 and $15.63, which gives a possible trading interval of +/-$0.696 (+/-4.66%) up or down from last closing price. If Assembly Biosciences takes out the full calculated possible swing range there will be an estimated 9.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.06 (0.87%) than the support at $13.79 (7.64%), 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 Assembly Biosciences stock A Buy?
Assembly Biosciences holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.074 Strong Buy Candidate Upgraded
Predicted Opening Price for Assembly Biosciences of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $14.89 ( 0.290%) | $14.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.52 | 3.93 % | |
| R2 | 15.28 | 2.32 % | ||
| R1 | 15.13 | 1.32 % | ||
| Current price: | 14.93 | |||
| Support | S1 | 14.65 | -1.90 % | |
| S2 | 14.50 | -2.90 % | ||
| S3 | 14.26 | -4.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 15.06 | 0.87 % | ||
| Current price | 14.93 | |||
| Support | S1 | 13.79 | -7.64% | |
| S2 | 12.35 | -17.28% | ||
| S3 | 12.27 | -17.82% |
FAQ
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