RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AEZS
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AEterna Zentaris Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 22, 2024 Gain 0.48% PDF

The AEterna Zentaris Inc. stock price gained 4.00% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.00 to $2.08. During the last trading day the stock fluctuated 6.60% from a day low at $1.97 to a day high of $2.10. The price has been going up and down for this period, and there has been a 1.71% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 23 thousand shares were bought and sold for approximately $47.73 thousand.

The stock 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 2.60% during the next 3 months and, with a 90% probability hold a price between $1.77 and $2.31 at the end of this 3-month period.

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AEZS Signals & Forecast

Mostly positive signals in the chart today. The AEterna Zentaris Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $2.04 and $1.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 5.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AEterna Zentaris Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for AEterna Zentaris Inc. stock

AEterna Zentaris Inc. finds support from accumulated volume at $2.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.130 between high and low, or 6.60%. For the last week, the stock has had daily average volatility of 6.19%.

Our recommended stop-loss: $2.00 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (AEZS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect AEterna Zentaris Inc. to open at $2.05, and during the day (based on 14 day Average True Range), to move between $1.94 and $2.22, which gives a possible trading interval of +/-$0.136 (+/-6.54%) up or down from last closing price. If AEterna Zentaris Inc. takes out the full calculated possible swing range there will be an estimated 13.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.04 (1.92%) than the resistance at $2.17 (4.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AEterna Zentaris Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AEterna Zentaris Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.512 Buy Candidate Upgraded

Predicted Opening Price for AEterna Zentaris Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.05 ( 1.44%) $2.08

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AEZS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.18 4.81 %
R2 2.13 2.42 %
R1 2.10 0.95 %
Current price: 2.08
Support S1 2.00 -3.83 %
S2 1.97 -5.30 %
S3 1.92 -7.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.20 5.77 %
R2 2.18 4.81 %
R1 2.17 4.33 %
Current price 2.08
Support S1 2.04 -1.92%
S2 1.93 -7.21%
S3 1.89 -9.13%

FAQ

What is the symbol for AEterna Zentaris Inc. Stock and on which exchange is it traded?
The symbol for AEterna Zentaris Inc. is AEZS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell AEterna Zentaris Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AEterna Zentaris Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy AEterna Zentaris Inc. Stock?
AEterna Zentaris Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AEterna Zentaris Inc. Stock.

What's the current price of AEterna Zentaris Inc. Stock?
As of the end of day on the 2024-03-27, the price of an AEterna Zentaris Inc. (AEZS) share was $2.08.

What is the 52-week high and low for AEterna Zentaris Inc. Stock?
The 52-week high for AEterna Zentaris Inc. Stock is $3.30 and the 52-week low is $1.36.

What is the market capitalization of AEterna Zentaris Inc. Stock?
As of the 2024-03-27, the market capitalization of AEterna Zentaris Inc. is 10.1M.

When is the next earnings date for AEterna Zentaris Inc.?
The upcoming earnings date for AEterna Zentaris Inc. is Mar 28, 2024.
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About AEterna Zentaris Inc.

AEterna Zentaris. Aeterna Zentaris Inc., a specialty biopharmaceutical company, engages in developing and commercializing therapeutics and diagnostic tests. Its lead product is macimorelin, an orally available peptidomimetic ghrelin receptor (GHSR-1a) agonist that stimulates the secretion of growth hormone by binding to the GHSR-1a for the diagnosis of adult growth hormone deficiency and childhood-onset growth hormone deficiency, as well as oncology indications. T... AEZS Profile

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