AMPE - Ampio Pharmaceuticals Inc

Industry: Biotechnology Sector: Healthcare Exchange: NYSE

AMPE - Ampio Pharmaceuticals Inc

Industry: Biotechnology Sector: Healthcare Exchange: NYSE
#551()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE 11.44%
PRICE $2.63
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Ampio Pharmaceuticals Inc Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Buy candidate since 2018-07-20
Shorts 14.76% ( 2018-06-29 )
Cash n/a
Loans n/a
Beta 0.11
ROA -219.18

Ampio Pharmaceuticals Inc gained 11.44% in the last trading day, rising from $2.36 to $2.63 The price has been going up and down for this period, and there has been a 12.39% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.58 million more shares were traded than the day before. In total, 2.25 million shares bought and sold for approximately $5.92 million.

Trend

Ampio Pharmaceuticals Inc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $2.42, a level that may pose a second chance to hit a runner. According to fan-theory $3.41 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Only positive signals in the chart today. Ampio Pharmaceuticals Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $2.37 and $2.09. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday July 19, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

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 $2.31 and $2.17.

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, Ampio Pharmaceuticals Inc finds support just below today's level at $2.31. If this is broken, then the next support from accumulated volume will be at $2.17 and $2.16.

Support: $2.31 Price: $2.63 Resistance: $2.89

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.45 between high and low, or 19.23%. For the last week, the stock has had a daily average volatility of 11.07%.

Our recommended stoploss: $2.51 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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