RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ETON
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Red day on Wednesday for Eton Pharmaceuticals Inc.
(Updated on Mar 27, 2024)

Sell candidate since Mar 12, 2024 Loss -13.64% PDF

The Eton Pharmaceuticals Inc. stock price fell by -0.262% on the last day (Wednesday, 27th Mar 2024) from $3.81 to $3.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.17% from a day low at $3.72 to a day high of $3.88. The price has fallen in 7 of the last 10 days and is down by -15.18% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -38 thousand shares and in total, 35 thousand shares were bought and sold for approximately $131.59 thousand.

The stock lies in the middle of a very 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 -12.76% during the next 3 months and, with a 90% probability hold a price between $2.97 and $3.88 at the end of this 3-month period.

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ETON Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 9.20%. 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. The Eton Pharmaceuticals Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.26. On a fall, the stock will find some support from the short-term average at $3.73. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Eton Pharmaceuticals Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.54 and $3.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eton Pharmaceuticals Inc. finds support just below today's level at $3.54. If this is broken, then the next support from accumulated volume will be at $3.50 and $3.48.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.155 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 5.89%.

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

Trading Expectations (ETON) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Eton Pharmaceuticals Inc. to open at $3.80, and during the day (based on 14 day Average True Range), to move between $3.57 and $4.03, which gives a possible trading interval of +/-$0.230 (+/-6.04%) up or down from last closing price. If Eton Pharmaceuticals Inc. takes out the full calculated possible swing range there will be an estimated 12.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.54 (6.84%) than the resistance at $4.34 (14.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Eton Pharmaceuticals Inc. stock A Buy?

Eton Pharmaceuticals Inc. 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.

Current score: -2.257 Sell Candidate Unchanged

Predicted Opening Price for Eton Pharmaceuticals Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3.80 ( 0.0439%) $3.80

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

Trading levels for ETON

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.95 4.04 %
R2 3.89 2.48 %
R1 3.86 1.51 %
Current price: 3.80
Support S1 3.74 -1.60 %
S2 3.70 -2.56 %
S3 3.64 -4.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.45 17.11 %
R2 4.37 15.00 %
R1 4.34 14.21 %
Current price 3.80
Support S1 3.54 -6.84%
S2 3.50 -7.89%
S3 3.48 -8.42%

FAQ

What is the symbol for Eton Pharmaceuticals Inc. Stock and on which exchange is it traded?
The symbol for Eton Pharmaceuticals Inc. is ETON and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Eton Pharmaceuticals Inc. Stock?
Eton Pharmaceuticals Inc. 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.

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

What's the current price of Eton Pharmaceuticals Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Eton Pharmaceuticals Inc. (ETON) share was $3.80.

What is the 52-week high and low for Eton Pharmaceuticals Inc. Stock?
The 52-week high for Eton Pharmaceuticals Inc. Stock is $5.81 and the 52-week low is $2.42.

What is the market capitalization of Eton Pharmaceuticals Inc. Stock?
As of the 2024-03-27, the market capitalization of Eton Pharmaceuticals Inc. is 97.483M.

When is the next earnings date for Eton Pharmaceuticals Inc.?
The upcoming earnings date for Eton Pharmaceuticals Inc. is May 09, 2024.
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About Eton Pharmaceuticals Inc.

Eton Pharmaceuticals. Eton Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on developing and commercializing pharmaceutical products for rare diseases. The company offers Biorphen, a phenylephrine injection for the treatment of clinically important hypotension resulting primarily from vasodilation in the setting of anesthesia; Carglumic Acid for the treatment of acute and chronic hyperammonemia due to N-acetylglutamate Synthase deficiency; and Rezip... ETON Profile

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