Bullish vs. Bearish (17 opinions)
Social Sentiment 0.06
AMRS Forecast and Technical Stock Analysis
Sell candidate since 2019-10-07 Loss -19.72% PDF
Amyris fell by -1.98% in the last day ( Tuesday, 15th Oct 2019 ) from $3.53 to $3.46 and has now fallen 3 days in a row. During the day the stock fluctuated 5.07% from a day low at $3.45 to a day high of $3.63. The price has fallen in 8 of the last 10 days and is down by -26.23% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -20 934 shares and in total 533 442 shares bought and sold for approximately $1.85 million.
- 30 day high of the AMRS stock price was $5.26 and low was $3.25.
- 90 day high was $5.26 and low was $2.62.
- 52 week high for Amyris - $8.13 and low - $1.87.
Amyris has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $3.53. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Amyris 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 $3.72 and $4.25. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday October 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 14 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $3.09 and $2.83.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amyris finds support just below today's level at $3.09. If this is broken, then the next support from accumulated volume will be at $2.83 and $2.82.
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 $0.18 between high and low, or 5.07%. For the last week, the stock has had a daily average volatility of 9.79%.
Amyris is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
9.79 %Average volatility
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|AMRS $3.46 ($-0.07 -1.98%)|
AMRS is down $0.07 today, but where's it headed in 2019?
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