Weaker Buy Today ACBFF ranks #213 as BUY CANDIDATE. Stronger Buy
Today ACBFF ranks #213 as BUY CANDIDATE.

ACBFF stock Aurora Cannabis Inc

ACBFF stock
Aurora Cannabis Inc

April 25, 2019
Change -0.44%
Chart period: 2019-01-28 - 2019-04-25
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ACBFF stock price go up or down on Fri, 26 Apr 2019?

Aurora Cannabis Inc Forecast and Stock Analysis

Technical ACBFF stock analysis for April 25, 2019.

Buy candidate since 2019-04-16 Gain 2.14%

Aurora Cannabis Inc fell by -0.44% in the last day from $9.11 to $9.07 The price has risen in 5 of the last 10 days , but is still down by -0.33% for this period. 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 -2.52 million shares and in total 11.93 million shares bought and sold for approximately $108.21 million.

Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the ACBFF stock was $9.07. This is 0.44% less than the trading day before Wednesday, 24th Apr 2019.

During day the stock fluctuated 1.45% from a day low at $8.96 to a day high of $9.09.

30 day high of the ACBFF stock price was $9.45 and low was $8.38.
90 day high was $10.32 and low was $6.55.
52 week high for the Aurora Cannabis Inc - $12.53 and low - $4.05.

Trend

Aurora Cannabis Inc 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 $8.73 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 29.48% during the next 3 months and, with 90% probability hold a price between $11.30 and $14.28 at the end of this period.

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Signals

Aurora Cannabis Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $9.04 and $8.98. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 23, 2019, which indicates further gains 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $8.10 and $7.75.

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, Aurora Cannabis Inc finds support just below today's level at $8.10. If this is broken, then the next support from accumulated volume will be at $7.75 and $7.17.

Support: $8.10 Price: $9.07 Resistance: $9.61

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.13 (1.45%) between high and low. For the last week, the stock has had a daily average volatility of 2.37%.

Our recommended stoploss: $8.51 (-6.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Aurora Cannabis Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today ACBFF ranks #213 as BUY CANDIDATE. Stronger Buy
Today ACBFF ranks #213 as BUY CANDIDATE.