Today AMRN ranks # as BUY CANDIDATE.
Today AMRN ranks # as BUY CANDIDATE.

AMRN stock Amarin Corporation PLC

AMRN stock
Amarin Corporation PLC

February 15, 2019
Change 1.79%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will AMRN stock price go up or down on Tue, 19 Feb 2019?

Amarin Corporation PLC Forecast and Stock Analysis

Technical AMRN stock analysis for February 15, 2019.

Buy candidate since 2019-02-14 Gain 1.79%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.24
ROA -56.10

Amarin Corporation PLC gained 1.79% in the last trading day, rising from $17.35 to $17.66 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 4.68% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.03 million more shares were traded than the day before. In total, 3.95 million shares bought and sold for approximately $69.74 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the AMRN stock was $17.66. This is 1.79% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 2.57% from a day low at $17.31 to a day high of $17.76.

30 day high of the AMRN stock price was $18.16 and low was $15.65.
90 day high was $19.75 and low was $11.78.
52 week high for the Amarin Corporation PLC - $23.34 and low - $2.35.

Trend

Given the current horizontal trend you can expect Amarin Corporation PLC with 90% probability to be traded between $12.05 and $18.84 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Only positive signals in the chart today. Amarin Corporation PLC 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 $17.09 and $16.19. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 13, 2019, 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 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Amarin Corporation PLC finds support from accumulated volume at $17.33.

Support: $17.33 Price: $17.66 Resistance: $18.00

Risk

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 $0.45 (2.57%) between high and low. For the last week, the stock has had a daily average volatility of 4.74%.

Our recommended stoploss: $16.77 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Today AMRN ranks # as BUY CANDIDATE.
Today AMRN ranks # as BUY CANDIDATE.