ARCA biopharma Forecast and Stock Analysis
Technical ABIO stock analysis for Friday June 14, 2019.
ARCA biopharma fell by -2.84% in the last day ( Friday, 14th Jun 2019 ) from $6.68 to $6.49 During day the stock fluctuated 6.87% from a day low at $6.25 to a day high of $6.68. The price has fallen in 6 of the last 10 days , but is still up by 12.09% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4 709 shares and in total 71 015 shares bought and sold for approximately $460 887.00.
- 30 day high of the ABIO stock price was $10.99 and low was $5.53.
- 90 day high was $20.45 and low was $0.29.
- 52 week high for the ARCA biopharma - $20.45 and low - $0.26.
ARCA biopharma lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $5.73 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 80.4% during the next 3 months and, with 90% probability hold a price between $10.34 and $33.09 at the end of this period.
There are few to none technical positive signals at the moment. ARCA biopharma holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $6.80 and $8.56. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday June 13, 2019, which indicates further falls until a new bottom pivot has been found. 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.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
ARCA biopharma finds support from accumulated volume at $6.25.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.43 between high and low, or 6.87%. For the last week the stock has had a daily average volatility of 8.65%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
8.65 %Average volatility
Very Low Low Medium High Very High
The ARCA biopharma stock holds several negative signals and despite the positive trend we believe ARCA biopharma will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|ABIO $6.49 ($-0.19 -2.84%)|
ABIO is down $0.19 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for ABIO based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the ABIO analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us