AMRN stock forecast Amarin Corporation PLC

AMRN stock forecast

Friday February 21, 2020 Change 0.34% Price $17.93
Your prediction: Prediction: Request



Bullish vs. Bearish (122 opinions)
Social Sentiment 0.01

AMRN Stock Forecast and Technical Analysis

Sell candidate since 2020-02-05 Loss -4.22% PDF

Amarin Corporation PLC gained 0.34% in the last trading day ( Friday, 21st Feb 2020 ), rising from $17.87 to $17.93 During the day the stock fluctuated 3.57% from a day low at $17.38 to a day high of $18.00. The price has fallen in 6 of the last 10 days and is down by -3.13% for this period. 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, 5.64 million shares bought and sold for approximately $101.12 million.

AMRN Stock Price Summary

  • 30 day high of the AMRN stock price was $21.54 and low was $17.17.
  • 90 day high was $26.12 and low was $17.17.
  • 52 week high for Amarin Corporation PLC - $26.12 and low - $13.76.

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AMRN Trend

Amarin Corporation PLC lies in the middle of a very 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 -18.46% during the next 3 months and, with 90% probability hold a price between $13.02 and $16.76 at the end of this period.

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AMRN Signals

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Amarin Corporation PLC 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 $17.94 and $19.25. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday February 18, 2020, which indicates further falls until a new bottom pivot has been found.

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A sell signal from a double top formation was found on Tuesday February 18, 2020 and based on theory for this formation the price should fall by -1.10% to $17.08 within 3 trading days since signal was issued (Friday February 21, 2020).

AMRN Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 42 and the stock is currently not being overbought or oversold

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

AMRN Support & Resistance

Amarin Corporation PLC finds support from accumulated volume at $17.92.

Support: $17.92 Price: $17.93 Resistance: $19.46

AMRN Stock 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 $0.62 between high and low, or 3.57%. For the last week, the stock has had a daily average volatility of 2.84%.

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

2.84 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

AMRN Stock Evaluation

Amarin Corporation PLC holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Important: Please note that 72% of user opinions on StockTwits are positive to the stock, but our systems keep downgrading the technical evaluation. The sentiment is based upon 122 votes on StockTwits.

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