Stronger Sell Today ACB ranks #4568 as SELL CANDIDATE #4568 Weaker Sell

ACB stock forecast Aurora Cannabis Inc.

ACB stock forecast

Wednesday November 13, 2019 Change -0.56% Price $3.55
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy
Bullish vs. Bearish (896 opinions)
74%
26%
Social Sentiment 0.01

ACB Forecast and Technical Stock Analysis


Sell candidate since 2019-09-12 Loss -39.73% PDF

Aurora Cannabis Inc. fell by -0.56% in the last day ( Wednesday, 13th Nov 2019 ) from $3.57 to $3.55 and has now fallen 4 days in a row. During the day the stock fluctuated 2.29% from a day low at $3.50 to a day high of $3.58. The price has fallen in 7 of the last 10 days and is down by -1.66% for this period. Volume has increased in the last day by 1.21 million 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, 14.67 million shares bought and sold for approximately $52.09 million.

Quick summary:

  • 30 day high of the ACB stock price was $3.94 and low was $3.40.
  • 90 day high was $6.50 and low was $3.40.
  • 52 week high for Aurora Cannabis Inc. - $10.32 and low - $3.40.
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Trend

Aurora Cannabis Inc. 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 -41.30% during the next 3 months and, with 90% probability hold a price between $1.44 and $2.55 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Aurora Cannabis Inc. 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 $3.66 and $3.85. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday November 08, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A buy signal from a double bottom formation was found on Thursday November 07, 2019 and based on theory for this formation the price should go up by 0.24% to $3.82 within 4 trading days since signal was issued (Wednesday November 13, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 43 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 behaviour.

Support & Resistance

Aurora Cannabis Inc. finds support from accumulated volume at $3.51.

Support: $3.51 Price: $3.55 Resistance: $3.72

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.08 (2.29%) between high and low. For the last week, the stock has had daily average volatility of 5.16%.

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

5.16 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Aurora Cannabis Inc. 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.

Important: Please note that 74% of user opinions on StockTwits are positive to the stock, but our systems keep downgrading the technical evaluation. The sentiment is based upon 896 votes on StockTwits.

Stronger Sell Today ACB ranks #4568 as SELL CANDIDATE #4568 Weaker Sell
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