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Atossa Genetics Inc. Stock Forecast NASDAQ:ATOS

$1.93 (-8.10%)

Volume: 6M

Closed: Dec 03, 2021

Hollow Logo Score: -7.927

Atossa Genetics Inc. Stock Forecast

$1.93 (-8.10%)

Volume: 6M

Closed: Dec 03, 2021

Score Hollow Logo -7.927
Which way will ATOS go? Request
Key Stats
Beta 2.76
* 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 ] The Atossa Genetics Inc. stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Big movements in Atossa Genetics Inc. stock price on Friday moving 10.26% between high and low
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-05 Loss -29.56%

The Atossa Genetics Inc. stock price fell by -8.10% on the last day (Friday, 3rd Dec 2021) from $2.10 to $1.93. During the day the stock fluctuated 10.26% from a day low at $1.90 to a day high of $2.10. The price has fallen in 5 of the last 10 days and is down by -15.72% 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, 6 million shares were bought and sold for approximately $11.11 million.

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 $1.88 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -37.18% during the next 3 months and, with a 90% probability hold a price between $1.18 and $1.60 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

There are few to no technical positive signals at the moment. The Atossa Genetics Inc. 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 $2.15 and $2.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -32.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.20 between high and low, or 10.26%. For the last week, the stock has had a daily average volatility of 8.95%.

Atossa Genetics Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is Atossa Genetics Inc. stock A Buy?

Atossa Genetics Inc. holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -7.927

Predicted Opening Price for Atossa Genetics Inc. of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$1.98 $1.93 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

Maxim Group is very positive about ATOS and gave it a "Buy" rating on Sep 18, 2020. The price target was set to $8.00.

Volatility and Risk
Daily Average Volatility: 8.95 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.95 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.23
Price: $1.93
No Support Found

ATOS Insider Trading Show all Trades

INSIDER POWER

4.608

Last 100 transactions
Buy: 15 086 137 | Sell: 3 273 768 (Shares)
Date Action Amount Person Type
May 15, 2020 Buy 45 000 Chen Shu-chih Stock Option (right to buy)
May 15, 2020 Buy 45 000 Galli Stephen J Stock Option (right to buy)
May 15, 2020 Buy 45 000 Remmel H. Lawrence Stock Option (right to buy)
May 15, 2020 Buy 45 000 Steinhart Richard I Stock Option (right to buy)
May 15, 2020 Buy 70 000 Weaver Gregory L Stock Option (right to buy)
Show all Insider Trades
INSIDER POWER

4.608

Last 100 transactions
Buy: 15 086 137 | Sell: 3 273 768 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.17 12.44 %
2.10 8.58 %
2.05 6.19 %
Current price: 1.93
Support 1.90 -1.53 %
1.85 -3.91 %
1.78 -7.77 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.35 21.76 %
2.29 18.65 %
2.23 15.54 %
Current price 1.93
Support 0 .
0 .
0 .

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About Atossa Genetics Inc.

Atossa Genetics Atossa Genetics Inc., a clinical-stage pharmaceutical company, focuses on developing novel therapeutics and delivery methods to treat breast cancer and other breast conditions in the United States. The company is conducting a Phase II clinical study using microcatheters to deliver fulvestrant as a potential treatment of ductal carcinoma in-situ and breast cancer; and a pharmaceutical program under development is Afimoxifene Topical Gel for the tr... Read more

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