Amyris Forecast and Stock Analysis
Technical AMRS stock analysis for February 15, 2019.
Amyris gained 8.06% in the last trading day, rising from $4.59 to $4.96 The price has fallen in 6 of the last 10 days , but is still up by 55.49% 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, 1.01 million more shares were traded than the day before. In total, 3.27 million shares bought and sold for approximately $16.23 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the AMRS stock was $4.96. This is 8.06% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 12.23% from a day low at $4.58 to a day high of $5.14.
30 day high of the AMRS stock price was $6.06 and low was $2.64.
90 day high was $6.06 and low was $2.64.
52 week high for the Amyris - $9.29 and low - $2.64.
Amyris lies in the middle of a very wide and weak 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 2.44% during the next 3 months and, with 90% probability hold a price between $2.90 and $5.85 at the end of this period.
Only positive signals in the chart today. Amyris 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 $5.04. On a fall, the stock will find some support from the long-term average at approximately $3.95. 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 Thursday February 14, 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)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
Amyris finds support from accumulated volume at $4.90.
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 $0.56 between high and low, or 12.23%. For the last week, the stock has had a daily average volatility of 11.46%.
Our recommended stoploss: $4.64 (-6.51%) (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.)
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Evaluation: Buy Candidate
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.