Bullish vs. Bearish (1 opinions)
Social Sentiment 0.80
ADRO Forecast and Technical Stock Analysis
Hold candidate since 2019-12-13 PDF
Aduro Biotech fell by -5.08% in the last day ( Friday, 13th Dec 2019 ) from $1.18 to $1.12 During the day the stock fluctuated 8.11% from a day low at $1.11 to a day high of $1.20. The price has fallen in 5 of the last 10 days and is down by -5.88% for this period. Volume has increased in the last day by 235 855 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, 791 630 shares bought and sold for approximately $886 626.00.
- 30 day high of the ADRO stock price was $1.25 and low was $1.04.
- 90 day high was $1.36 and low was $0.90.
- 52 week high for Aduro Biotech - $4.59 and low - $0.90.
Aduro Biotech lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.81% during the next 3 months and, with 90% probability hold a price between $1.03 and $1.30 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday December 10, 2019, which indicates further falls until a new bottom pivot has been found. Aduro Biotech 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-offs". Aduro Biotech holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.17. On a fall, the stock will find some support from the long-term average at approximately $1.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 56 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
Aduro Biotech finds support from accumulated volume at $1.09.
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 $0.09 (8.11%) between high and low. For the last week, the stock has had daily average volatility of 4.99%.
Our recommended stop-loss: $1.06 (-5.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 day(s) ago.)
4.99 %Average volatility
Very Low Low Medium High Very High
Aduro Biotech holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate candidate.
|ADRO $1.12 ($-0.06 -5.08%)|
ADRO is down $0.06 today, but where's it headed in 2020?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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