AMPH Forecast and Technical Stock AnalysisSell candidate since 2019-07-11 Loss -3.15%
Amphastar Pharmaceuticals fell by -2.86% in the last day ( Friday, 19th Jul 2019 ) from $19.95 to $19.38 and has now fallen 6 days in a row. During day the stock fluctuated 3.00% from a day low at $19.36 to a day high of $19.94. The price has fallen in 8 of the last 10 days and is down by -7.18% for this period. Volume has increased in the last day by 37 538 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 128 710 shares bought and sold for approximately $2.49 million.
- 30 day high of the AMPH stock price was $21.57 and low was $19.36.
- 90 day high was $23.06 and low was $18.60.
- 52 week high for the Amphastar Pharmaceuticals - $25.43 and low - $16.18.
Amphastar Pharmaceuticals lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.39% during the next 3 months and, with 90% probability hold a price between $16.68 and $19.93 at the end of this period.
There are few to none technical positive signals at the moment. Amphastar Pharmaceuticals 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 $19.98 and $20.25. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday July 01, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Amphastar Pharmaceuticals finds support from accumulated volume at $19.25.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.58 (3.00%) between high and low. For the last week, the stock has had a daily average volatility of 1.92%.
Amphastar Pharmaceuticals is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.92 %Average volatility
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|AMPH $19.38 ($-0.57 -2.86%)|
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