Stronger Sell Today ABUS ranks #5210 as SELL CANDIDATE #5210 Weaker Sell

ABUS stock forecast Arbutus Biopharma Corporation

ABUS stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

ABUS Forecast and Technical Stock Analysis

Sell candidate since 2019-07-18 Loss -11.28%

Arbutus Biopharma Corporation fell by -11.28% in the last day ( Friday, 19th Jul 2019 ) from $1.95 to $1.73 and has now fallen 6 days in a row. During day the stock fluctuated 20.95% from a day low at $1.72 to a day high of $2.08. The price has fallen in 6 of the last 10 days and is down by -23.11% for this period. Volume has increased in the last day by 254 868 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 605 397 shares bought and sold for approximately $1.05 million.

Quick summary:

  • 30 day high of the ABUS stock price was $2.74 and low was $1.71.
  • 90 day high was $3.26 and low was $1.42.
  • 52 week high for the Arbutus Biopharma Corporation - $12.60 and low - $1.42.
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Trend

Arbutus Biopharma Corporation 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 -20.49% during the next 3 months and, with 90% probability hold a price between $0.97 and $1.87 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Arbutus Biopharma Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $2.13 and $2.00. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday July 12, 2019, which indicates further falls until a new bottom pivot has been found. Arbutus Biopharma Corporation 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-off's".

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 36 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $1.62 and $1.57.

There is 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, Arbutus Biopharma Corporation finds support just below today's level at $1.62. If this is broken, then the next support from accumulated volume will be at $1.57 and $1.46.

Support: $1.62 Price: $1.73 Resistance: $1.82

Risk

This stock may move much during a 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 $0.36 between high and low, or 20.95%. For the last week, the stock has had a daily average volatility of 10.60%.

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

10.60 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Arbutus Biopharma Corporation 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.

Stronger Sell Today ABUS ranks #5210 as SELL CANDIDATE #5210 Weaker Sell

Will ABUS stock price go up or down on Mon, 22 Jul 2019?

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