Assertio Therapeutics Stock Forecast
Volatile ride for Assertio Therapeutics stock price on Thursday moving between $0.739 and $0.86
(Updated on Apr 25, 2024)
The Assertio Therapeutics stock price fell by -9.30% on the last day (Thursday, 25th Apr 2024) from $0.87 to $0.785. During the last trading day the stock fluctuated 16.63% from a day low at $0.739 to a day high of $0.86. The price has fallen in 7 of the last 10 days and is down by -11.02% for this period. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately $2.28 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.759 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.97% during the next 3 months and, with a 90% probability hold a price between $0.80 and $1.24 at the end of this 3-month period.
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ASRT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.12%. Further rise is indicated until a new top pivot has been found. 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. The Assertio Therapeutics stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.82 and $0.94. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Assertio Therapeutics stock
Assertio Therapeutics finds support from accumulated volume at $0.785 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.123 between high and low, or 16.63%. For the last week, the stock has had daily average volatility of 10.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASRT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Assertio Therapeutics Inc. to open at $0.795, and during the day (based on 14 day Average True Range), to move between $0.719 and $0.85, which gives a possible trading interval of +/-$0.0664 (+/-8.45%) up or down from last closing price. If Assertio Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 16.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.785 (0.01%) than the resistance at $0.82 (4.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Assertio Therapeutics Inc. stock A Buy?
The Assertio Therapeutics stock holds several negative signals and despite the positive trend, we believe Assertio Therapeutics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.634 Sell Candidate Unchanged
Predicted Opening Price for Assertio Therapeutics Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.795 ( 1.26%) | $0.785 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.92 | 16.90 % | |
| R2 | 0.87 | 10.92 % | ||
| R1 | 0.84 | 7.23 % | ||
| Current price: | 0.785 | |||
| Support | S1 | 0.748 | -4.72 % | |
| S2 | 0.719 | -8.41 % | ||
| S3 | 0.672 | -14.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.91 | 16.13 % | |
| R2 | 0.88 | 12.41 % | ||
| R1 | 0.82 | 4.84 % | ||
| Current price | 0.785 | |||
| Support | S1 | 0.785 | -0.0127% | |
| S2 | 0.780 | -0.650% | ||
| S3 | 0.773 | -1.54% |
FAQ
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