Ampio Pharmaceuticals Inc Stock Forecast

High volatility in Ampio Pharmaceuticals Inc stock price on Thursday which ended trading at $0.350
(Updated on Apr 25, 2024)

AMPE Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ampio Pharmaceuticals Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.01. On a fall, the stock will find some support from the short-term average at $0.331. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -29.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ampio Pharmaceuticals Inc stock

Ampio Pharmaceuticals Inc finds support from accumulated volume at $0.341 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.190 between high and low, or 66.61%. For the last week the stock has had daily average volatility of 60.37%.

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

Trading Expectations (AMPE) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Ampio Pharmaceuticals Inc to open at $0.370, and during the day (based on 14 day Average True Range), to move between $0.182 and $0.518, which gives a possible trading interval of +/-$0.168 (+/-47.93%) up or down from last closing price. If Ampio Pharmaceuticals Inc takes out the full calculated possible swing range there will be an estimated 95.86% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.341, some $0.0090 (2.57%) from the current price of $0.350, our system finds the risk reward attractive.

Is Ampio Pharmaceuticals Inc stock A Buy?

Ampio Pharmaceuticals Inc holds several negative signals and we believe that 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 analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.047 Strong Sell Candidate Downgraded

Predicted Opening Price for Ampio Pharmaceuticals Inc of Friday, April 26, 2024

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