Aradigm Corporation Forecast and Stock Analysis
Technical ARDM stock analysis for Friday June 14, 2019.
Aradigm Corporation fell by -22.22% in the last day ( Friday, 14th Jun 2019 ) from $0.18 to $0.14 During day the stock fluctuated 17.86% from a day low at $0.14 to a day high of $0.17. The price has risen in 5 of the last 10 days , but is still down by -30% 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 -19 850 shares and in total 3 087 shares bought and sold for approximately $432.18.
- 30 day high of the ARDM stock price was $0.20 and low was $0.07.
- 90 day high was $0.24 and low was $0.06.
- 52 week high for the Aradigm Corporation - $2.33 and low - $0.06.
Aradigm Corporation lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.80% during the next 3 months and, with 90% probability hold a price between $0.04 and $0.16 at the end of this period.
Aradigm Corporation 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 $0.15. On a fall, the stock will find some support from the long-term average at approximately $0.13. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday June 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.13 and $0.13.
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, Aradigm Corporation finds support just below today's level at $0.13. If this is broken, then the next support from accumulated volume will be at $0.13 and $0.12.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.03 between high and low, or 17.86%. For the last week the stock has had a daily average volatility of 8.41%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
8.41 %Average volatility
Very Low Low Medium High Very High
Aradigm Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. 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 Sell Candidate.
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|ARDM $0.14 ($-0.04 -22.22%)|
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