Weaker Buy Today ALBO ranks #1323 as BUY CANDIDATE #1323 Stronger Buy

ALBO stock forecast Albireo Pharma Inc

ALBO stock forecast

Wednesday January 22, 2020 Change -2.59% Price $24.03
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

ALBO Forecast and Technical Stock Analysis


Buy candidate since 2019-12-24 Loss -13.65% PDF

Albireo Pharma Inc fell by -2.59% in the last day ( Wednesday, 22nd Jan 2020 ) from $24.67 to $24.03 and has now fallen 4 days in a row. During the day the stock fluctuated 5.85% from a day low at $23.43 to a day high of $24.80. The price has been going up and down for this period, and there has been a -3.61% 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 -10 673 shares and in total 49 127 shares bought and sold for approximately $1.18 million.

Quick summary:

  • 30 day high of the ALBO stock price was $30.24 and low was $23.13.
  • 90 day high was $30.24 and low was $17.39.
  • 52 week high for Albireo Pharma Inc - $38.69 and low - $16.13.
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Trend

Albireo Pharma Inc 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 $24.17. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

Albireo Pharma Inc 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 $25.58. On a fall, the stock will find some support from the long-term average at approximately $23.88. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday January 13, 2020, 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)

RSImin/max Values: [ 20 - 75 ]

RSI14 is 42 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

Albireo Pharma Inc finds support from accumulated volume at $23.31.

Support: $23.31 Price: $24.03 Resistance: $24.46

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 $1.37 between high and low, or 5.85%. For the last week the stock has had a daily average volatility of 5.76%.

Our recommended stop-loss: $22.40 (-6.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 6 day(s) ago.)

5.76 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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 this stock to perform well in the short-term.

Weaker Buy Today ALBO ranks #1323 as BUY CANDIDATE #1323 Stronger Buy
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