Weaker Buy Today ARRY ranks #301 as BUY CANDIDATE #301 Stronger Buy

Array BioPharma Inc. stock forecast

ARRY stock forecast

Friday June 14, 2019 Change 0.58% Price $29.59
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Social Sentiment for ARRY

Today's data is from 7 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
71%
29%
Weighted Sentiment -0.10

Will ARRY stock price go up or down on Mon, 17 Jun 2019?

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Array BioPharma Inc. Forecast and Stock Analysis

Technical ARRY stock analysis for Friday June 14, 2019.

Buy candidate since 2019-06-11 Gain 3.14%


Array BioPharma Inc. gained 0.58% in the last trading day ( Friday, 14th Jun 2019 ), rising from $29.42 to $29.59 , and has now gained 4 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. During day the stock fluctuated 2.34% from a day low at $29.06 to a day high of $29.74. The price has risen in 8 of the last 10 days and is up by 12% over the past 2 weeks. Volume fell in the last day by -0.08 million shares, and in total, 1.70 million shares bought and sold for approximately $50.27 million. 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.

Quick summary:

  • 30 day high of the ARRY stock price was $29.81 and low was $20.93.
  • 90 day high was $29.81 and low was $20.72.
  • 52 week high for the Array BioPharma Inc. - $29.81 and low - $12.56.

Trend

Array BioPharma Inc. lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $29.81 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 18.21% during the next 3 months and, with 90% probability hold a price between $26.33 and $35.24 at the end of this period.

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Signals

Only positive signals in the chart today. Array BioPharma Inc. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $29.12 and $25.13. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains 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 may be an early warning. The stock should be watched closely.

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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

On the downside, the stock finds support just below today's level from accumulated volume at $26.40 and $25.77.

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, Array BioPharma Inc. finds support just below today's level at $26.40. If this is broken, then the next support from accumulated volume will be at $25.77 and $25.55.

Support: $26.40 Price: $29.59

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 $0.68 between high and low, or 2.34%. For the last week, the stock has had a daily average volatility of 2.61%.

Our recommended stoploss: $28.22 (-4.62%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 18 days ago.)

2.61 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Buy Candidate Downgraded
Weaker Buy Today ARRY ranks #301 as BUY CANDIDATE #301 Stronger Buy

Will ARRY stock price go up or down on Mon, 17 Jun 2019?

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