Ascendis Pharma A/S Stock Forecast

Weaker technical forecast for Ascendis Pharma A/S as stock downgraded to Sell Candidate.
(Updated on Jul 03, 2024)

ASND Signals & Forecast

The Ascendis Pharma A/S stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $134.95. On a fall, the stock will find some support from the long-term average at approximately $130.44. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, June 06, 2024, and so far it has fallen -3.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Ascendis Pharma A/S stock

Ascendis Pharma A/S finds support from accumulated volume at $131.14 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 $3.75 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 3.36%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ASND) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Ascendis Pharma A/S to open at $134.66, and during the day (based on 14 day Average True Range), to move between $129.20 and $139.16, which gives a possible trading interval of +/-$4.98 (+/-3.71%) up or down from last closing price. If Ascendis Pharma A/S takes out the full calculated possible swing range there will be an estimated 7.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $135.10 (0.69%) than the support at $131.14 (2.27%), 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 Ascendis Pharma A/S stock A Buy?

Ascendis Pharma A/S 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: -1.717 Sell Candidate Downgraded

Predicted Opening Price for Ascendis Pharma A/S of Friday, July 5, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.