Astrazeneca PLC Stock Forecast

Buy candidate since Jan 16, 2025 Gain 1.57%

The Astrazeneca PLC stock price gained 2.04% on the last trading day (Tuesday, 21st Jan 2025), rising from $66.60 to $67.96. During the last trading day the stock fluctuated 1.17% from a day low at $67.59 to a day high of $68.38. The price has been going up and down for this period, and there has been a 2.58% gain for the last 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 5 million shares were bought and sold for approximately $345.63 million. 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 wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.30% during the next 3 months and, with a 90% probability hold a price between $55.18 and $66.44 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.

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AZN Signals & Forecast

Mostly positive signals in the chart today. The Astrazeneca PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $66.47 and $66.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, November 20, 2024, and so far it has risen 7.53%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, January 02, 2025 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Astrazeneca PLC stock

Astrazeneca PLC finds support from accumulated volume at $66.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.790 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.66%.

Our recommended stop-loss: $65.73 (-3.28%) (This stock has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (AZN) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Astrazeneca PLC to open at $67.98, and during the day (based on 14 day Average True Range), to move between $66.80 and $69.12, which gives a possible trading interval of +/-$1.16 (+/-1.71%) up or down from last closing price. If Astrazeneca PLC takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $66.27 (2.49%) than the resistance at $71.15 (4.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Astrazeneca PLC stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.777 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $67.98 ( 0.0245%).