Bullish vs. Bearish (3 opinions)
Social Sentiment 0.00
AMRS Forecast and Technical Stock Analysis
Hold candidate since 2019-08-19
Amyris gained 20.16% in the last trading day ( Monday, 19th Aug 2019 ), rising from $3.67 to $4.41 , 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. During the day the stock fluctuated 18.35% from a day low at $3.76 to a day high of $4.45. The price has risen in 6 of the last 10 days and is up by 56.38% 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, 0.96 million more shares were traded than the day before. In total, 1.53 million shares bought and sold for approximately $6.74 million.
- 30 day high of the AMRS stock price was $4.45 and low was $2.62.
- 90 day high was $4.45 and low was $2.62.
- 52 week high for Amyris - $9.29 and low - $1.87.
Amyris has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $3.83, a level that may pose a second chance to hit a runner. According to fan-theory $5.06 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Amyris 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 $3.78 and $3.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday August 15, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 74 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
On the downside, the stock finds support just below today's level from accumulated volume at $4.10 and $3.63.
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 $4.10. If this is broken, then the next support from accumulated volume will be at $3.63 and $3.59.
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 $0.69 between high and low, or 18.35%. For the last week, the stock has had a daily average volatility of 9.43%.
Our recommended stop-loss: $4.19 (-4.92%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 2 days ago.)
9.43 %Average volatility
Very Low Low Medium High Very High
Amyris holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|AMRS $4.41 ($0.74 20.16%)|
AMRS is up $0.74 today, but where's it headed in 2019?
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