Stronger Sell Today AKTX ranks #3301 as SELL CANDIDATE #3301 Weaker Sell

AKTX stock forecast Akari Therapeutics Plc

AKTX stock forecast

Wednesday May 22, 2019 Change -4.74% Price $2.41
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will AKTX stock price go up or down on Thu, 23 May 2019?

Predict

Akari Therapeutics Plc Forecast and Stock Analysis

Technical AKTX stock analysis for Wednesday May 22, 2019.

Sell candidate since 2019-05-07 Loss -30.55%
Shorts n/a
Insider % n/a
Institutional % n/a
Beta 0.79
ROA -91.90%
Price to book USD 13.40
P/E Ratio n/a
Next Earnings Date 2019-08-19


Akari Therapeutics Plc fell by -4.74% in the last day ( Wednesday, 22nd May 2019 ) from $2.53 to $2.41 and has now fallen 7 days in a row. During day the stock fluctuated 8.33% from a day low at $2.40 to a day high of $2.60. The price has fallen in 9 of the last 10 days and is down by -28.27% 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 -92 291 shares and in total 72 802 shares bought and sold for approximately $175 453.00.

Quick summary:

  • 30 day high of the AKTX stock price was $5.04 and low was $2.40.
  • 90 day high was $9.20 and low was $1.76.
  • 52 week high for the Akari Therapeutics Plc - $9.20 and low - $1.56.

Trend

Akari Therapeutics Plc has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $2.47. A reaction back to this level may hold a second chance to get out before further falls.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Akari Therapeutics Plc 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 $2.77 and $3.29. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday May 03, 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 6 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

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 $1.83 and $1.83.

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, Akari Therapeutics Plc finds support just below today's level at $1.83. If this is broken, then the next support from accumulated volume will be at $1.83 and $1.81.

Support: $1.83 Price: $2.41 Resistance: $2.53

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 $0.20 between high and low, or 8.33%. For the last week the stock has had a daily average volatility of 7.18%.

Akari Therapeutics Plc is overbought on RSI14 (6). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.

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

7.18 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today AKTX ranks #3301 as SELL CANDIDATE #3301 Weaker Sell
AKTX $2.41 ($-0.12 -4.74%)
AKTX is down $0.12 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for AKTX based on the 1-3 month system that more than doubles the S&P 500.

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Will AKTX stock price go up or down
on Thu, 23 May 2019?

Predict

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