Aradigm Corporation Forecast and Stock Analysis
Technical ARDM stock analysis for February 21, 2019.
Aradigm Corporation gained 4.00% in the last trading day, rising from $0.13 to $0.13 , 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. The price has fallen in 5 of the last 10 days and is down by -77.92% for this period. Volume fell in the last day by -89 922 shares, and in total, 34 189 shares bought and sold for approximately $4 444.57. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the ARDM stock was $0.13. This is 4% more than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 177.78% from a day low at $0.09 to a day high of $0.25.
30 day high of the ARDM stock price was $0.80 and low was $0.07.
90 day high was $1.25 and low was $0.07.
52 week high for the Aradigm Corporation - $2.33 and low - $0.07.
Aradigm Corporation lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.11 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -31.48% during the next 3 months and, with 90% probability hold a price between $0.08 and $0.39 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday February 19, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Aradigm Corporation 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 $0.31 and $0.47. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 19 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Aradigm Corporation finds support from accumulated volume at $0.13.
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 $0.16 between high and low, or 177.78%. For the last week the stock has had a daily average volatility of 130.64%.
Aradigm Corporation is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Aradigm Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.