Weaker Buy Today ARNA ranks #471 as BUY CANDIDATE #471 Stronger Buy

ARNA stock forecast Arena Pharmaceuticals

ARNA stock forecast

Monday May 20, 2019 Change -0.94% Price $53.50
Chart period: 2019-02-21 - 2019-05-20
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Social Sentiment for ARNA

Today's data is from 5 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
80%
20%
Weighted Sentiment 0.11

Will ARNA stock price go up or down on Wed, 22 May 2019?

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Arena Pharmaceuticals Forecast and Stock Analysis

Technical ARNA stock analysis for Monday May 20, 2019.

Buy candidate since 2019-05-14 Loss -2.46%
Shorts n/a
Insider % n/a
Institutional % n/a
Beta 1.63
ROA 61.79%
Price to book USD 2.15
P/E Ratio 4.33
Next Earnings Date 2019-08-06


Arena Pharmaceuticals fell by -0.94% in the last day ( Monday, 20th May 2019 ) from $54.01 to $53.50 and has now fallen 4 days in a row. During day the stock fluctuated 1.69% from a day low at $53.35 to a day high of $54.25. The price has been going up and down for this period, and there has been a 8.56% gain for the last 2 weeks. 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 -166 627 shares and in total 641 146 shares bought and sold for approximately $34.30 million.

Quick summary:

  • 30 day high of the ARNA stock price was $58.00 and low was $43.25.
  • 90 day high was $58.00 and low was $42.48.
  • 52 week high for the Arena Pharmaceuticals - $58.00 and low - $31.97.

Trend

Arena Pharmaceuticals 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 6.15% during the next 3 months and, with 90% probability hold a price between $47.63 and $59.57 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Arena Pharmaceuticals 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 $53.51. On a fall, the stock will find some support from the long-term average at approximately $48.36. 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 Wednesday May 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

The stock had a Golden Star Signal* on Thursday May 02, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Arena Pharmaceuticals finds support from accumulated volume at $51.81.

Support: $51.81 Price: $53.50 Resistance: $54.01

Risk

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 $0.90 between high and low, or 1.69%. For the last week, the stock has had a daily average volatility of 5.42%.

Our recommended stoploss: $50.26 (-6.05%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 3 days ago.)

5.42 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today ARNA ranks #471 as BUY CANDIDATE #471 Stronger Buy
ARNA $53.50 ($-0.51 -0.94%)
ARNA is down $0.51 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for ARNA based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will ARNA stock price go up or down
on Wed, 22 May 2019?

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