Bullish vs. Bearish (212 opinions)
Social Sentiment 0.09
AMRN Forecast and Technical Stock Analysis
Buy candidate since 2019-11-21 PDF
Amarin Corporation PLC gained 1.28% in the last trading day ( Thursday, 21st Nov 2019 ), rising from $20.26 to $20.52 During the day the stock fluctuated 7.60% from a day low at $19.61 to a day high of $21.10. The price has risen in 6 of the last 10 days and is up by 22.43% over the past 2 weeks. Volume fell in the last day by -23.95 million shares and in total, 8.18 million shares bought and sold for approximately $167.90 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the AMRN stock price was $24.67 and low was $15.67.
- 90 day high was $24.67 and low was $13.87.
- 52 week high for Amarin Corporation PLC - $24.67 and low - $11.78.
Amarin Corporation PLC lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.21% during the next 3 months and, with 90% probability hold a price between $19.91 and $29.95 at the end of this period.
Only positive signals in the chart today. Amarin Corporation PLC 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 $21.87. On a fall, the stock will find some support from the long-term average at approximately $17.41. 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. A buy signal was issued from a pivot bottom point on Wednesday November 20, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 63 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
Amarin Corporation PLC finds support from accumulated volume at $20.26.
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 $1.49 between high and low, or 7.60%. For the last week, the stock has had a daily average volatility of 9.31%.
Our recommended stop-loss: $19.21 (-6.39%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
9.31 %Average volatility
Very Low Low Medium High Very High
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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 212 votes on StockTwits.
|AMRN $20.52 ($0.26 1.28%)|
AMRN is up $0.26 today, but where's it headed in 2020?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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