NASDAQ:AQXP
Delisted

Aquinox Pharmaceuticals Stock Forecast

$12.53
+0.0500 (+0.401%)
At Close: Apr 24, 2020

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Aquinox Pharmaceuticals stock price up 0.401% on Friday
(Updated on Apr 24, 2020)

Buy or Hold candidate since Apr 08, 2020 Gain 18.32% PDF

The Aquinox Pharmaceuticals stock price gained 0.401% on the last trading day (Friday, 24th Apr 2020), rising from $12.48 to $12.53. During the last trading day the stock fluctuated 6.46% from a day low at $12.38 to a day high of $13.18. The price has risen in 7 of the last 10 days and is up by 10.4% over the past 2 weeks. Volume fell on the last day by -64 thousand shares and in total, 199 thousand shares were bought and sold for approximately $2.50 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Aquinox Pharmaceuticals stock with a 90% probability to be traded between $6.00 and $14.26 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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AQXP Signals & Forecast

The Aquinox Pharmaceuticals stock holds a sell 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 giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.22. On a fall, the stock will find some support from the long-term average at approximately $10.22. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, April 23, 2020, and so far it has risen 0.401%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Aquinox Pharmaceuticals stock

On the downside, the stock finds support just below today's level from accumulated volume at $11.38 and $11.06. There is a 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, Aquinox Pharmaceuticals finds support just below today's level at $11.38. If this is broken, then the next support from accumulated volume will be at $11.06 and $10.80.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.800 between high and low, or 6.46%. For the last week the stock has had daily average volatility of 9.05%.

Our recommended stop-loss: $11.72 (-6.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (AQXP) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Aquinox Pharmaceuticals to open at $12.70, and during the day (based on 14 day Average True Range), to move between $11.32 and $13.74, which gives a possible trading interval of +/-$1.21 (+/-9.65%) up or down from last closing price. If Aquinox Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 19.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.21 (5.43%) than the support at $11.38 (9.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Aquinox Pharmaceuticals stock A Buy?

Aquinox Pharmaceuticals holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.086 Hold/Accumulate Unchanged

Predicted Opening Price for Aquinox Pharmaceuticals of Monday, April 27, 2020

Fair opening price April 27, 2020 Current price
$12.70 ( 1.33%) $12.53

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AQXP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.50 7.71 %
R2 13.19 5.28 %
R1 13.00 3.77 %
Current price: 12.53
Support S1 12.39 -1.11 %
S2 12.20 -2.62 %
S3 11.90 -5.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.63 8.78 %
R2 13.51 7.82 %
R1 13.21 5.43 %
Current price 12.53
Support S1 11.38 -9.18%
S2 11.06 -11.73%
S3 10.80 -13.81%

FAQ

What is the symbol for Aquinox Pharmaceuticals Stock and on which exchange is it traded?
The symbol for Aquinox Pharmaceuticals is AQXP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Aquinox Pharmaceuticals Stock?
Aquinox Pharmaceuticals holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Aquinox Pharmaceuticals Stock?
Aquinox Pharmaceuticals Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Aquinox Pharmaceuticals Stock.

What's the current price of Aquinox Pharmaceuticals Stock?
As of the end of day on the 2020-04-24, the price of an Aquinox Pharmaceuticals (AQXP) share was $12.53.

What is the 52-week high and low for Aquinox Pharmaceuticals Stock?
The 52-week high for Aquinox Pharmaceuticals Stock is $14.82 and the 52-week low is $2.19.
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About Aquinox Pharmaceuticals

Aquinox Pharmaceuticals Aquinox Pharmaceuticals, Inc., a clinical-stage pharmaceutical company, engages in discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology. The company primarily focuses on anti-inflammatory product candidates targeting SH2-containing inositol-5Â’-phosphatase 1 (SHIP1) enzyme, a key regulator of a cellular signaling pathway in immune cells. Its lead product candidate is AQX-1125, a small molecule acti... AQXP Profile

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