Stronger Sell Today ADRO ranks #4962 as SELL CANDIDATE. Weaker Sell
Today ADRO ranks #4962 as SELL CANDIDATE.

ADRO stock Aduro Biotech

ADRO stock
Aduro Biotech

18 January 2019
Change -6.25%
Chart period: 2018-10-19 - 2019-01-18
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy
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Aduro Biotech Stock Analysis

Technical stock analysis for 18 January 2019

Sell candidate since 2019-01-18
Shorts n/a
Cash n/a
Loans n/a
Beta 1.77
ROA -22.95

Aduro Biotech fell by -6.25% in the last day from $2.88 to $2.70 The price has been going up and down for this period, and there has been a -7.85% loss for the last 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 -190 375 shares and in total 324 990 shares bought and sold for approximately $877 473.00.

Close price at the end of the last trading day (Friday, 18th Jan 2019) of the ADRO stock was $2.70. This is 6.25% less than the trading day before Thursday, 17th Jan 2019.

During day the stock fluctuated 7.09% from a day low at $2.68 to a day high of $2.87.

30 day high of the ADRO stock price was $3.29 and low was $2.34.
90 day high was $4.93 and low was $2.34.
52 week high for the Aduro Biotech - $9.92 and low - $2.34.

Trend

Aduro Biotech 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 -39.77% during the next 3 months and, with 90% probability hold a price between $0.86 and $1.84 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Aduro Biotech holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $2.84 and $2.73. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday January 17, 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.

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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

Aduro Biotech finds support from accumulated volume at $2.57.

Support: $2.57 Price: $2.70 Resistance: $2.83

Risk

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 $0.19 between high and low, or 7.09%. For the last week the stock has had a daily average volatility of 6.85%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

Aduro Biotech 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Stronger Sell Today ADRO ranks #4962 as SELL CANDIDATE. Weaker Sell
Today ADRO ranks #4962 as SELL CANDIDATE.