RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AYTU
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Aytu Bioscience stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 2.01% PDF

The Aytu Bioscience stock price fell by -1.30% on the last day (Thursday, 28th Mar 2024) from $3.08 to $3.04. During the last trading day the stock fluctuated 3.62% from a day low at $3.01 to a day high of $3.12. The price has risen in 7 of the last 10 days and is up by 5.93% over the past 2 weeks. Volume has increased on the last day by 2 thousand 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, 15 thousand shares were bought and sold for approximately $46.13 thousand.

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 14.38% during the next 3 months and, with a 90% probability hold a price between $3.17 and $3.97 at the end of this 3-month period.

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AYTU Signals & Forecast

The Aytu Bioscience 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 $3.02 and $2.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.29%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Aytu Bioscience gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Aytu Bioscience stock

Aytu Bioscience finds support from accumulated volume at $2.96 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 $0.109 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 4.79%.

Our recommended stop-loss: $2.93 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (AYTU) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Aytu Bioscience to open at $3.06, and during the day (based on 14 day Average True Range), to move between $2.88 and $3.20, which gives a possible trading interval of +/-$0.164 (+/-5.38%) up or down from last closing price. If Aytu Bioscience takes out the full calculated possible swing range there will be an estimated 10.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.96 (2.63%) than the resistance at $3.15 (3.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aytu Bioscience stock A Buy?

Aytu Bioscience 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: 5.027 Strong Buy Candidate Upgraded

Predicted Opening Price for Aytu Bioscience of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.06 ( 0.557%) $3.04

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

Trading levels for AYTU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.17 4.14 %
R2 3.12 2.77 %
R1 3.10 1.93 %
Current price: 3.04
Support S1 3.02 -0.81 %
S2 2.99 -1.66 %
S3 2.95 -3.03 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.28 7.89 %
R2 3.17 4.28 %
R1 3.15 3.62 %
Current price 3.04
Support S1 2.96 -2.63%
S2 2.93 -3.62%
S3 2.89 -4.93%

FAQ

What is the symbol for Aytu Bioscience Stock and on which exchange is it traded?
The symbol for Aytu Bioscience is AYTU and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Aytu Bioscience Stock?
Aytu Bioscience 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.

How to buy Aytu Bioscience Stock?
Aytu Bioscience Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Aytu Bioscience Stock.

What's the current price of Aytu Bioscience Stock?
As of the end of day on the 2024-03-28, the price of an Aytu Bioscience (AYTU) share was $3.04.

What is the 52-week high and low for Aytu Bioscience Stock?
The 52-week high for Aytu Bioscience Stock is $3.50 and the 52-week low is $1.38.

What is the market capitalization of Aytu Bioscience Stock?
As of the 2024-03-28, the market capitalization of Aytu Bioscience is 16.926M.

When is the next earnings date for Aytu Bioscience?
The upcoming earnings date for Aytu Bioscience is May 09, 2024.
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About Aytu Bioscience

Aytu Bioscience Aytu Biopharma, Inc., a specialty pharmaceutical company, focuses on developing and commercializing novel therapeutics and consumer healthcare products the United States and internationally. The company offers Adzenys XR-ODT for the treatment of attention deficit hyperactivity disorder (ADHD) in patients from 6 years and older; Cotempla XR-ODT for the treatment of ADHD in patients from 6 to 17 years old; and Adzenys ER, an oral suspension for the... AYTU Profile

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