Assembly Biosciences Stock Forecast
Evaluation of Assembly Biosciences stock downgraded after the last trading session.
(Updated on Apr 22, 2024)
The Assembly Biosciences stock price fell by -1.42% on the last day (Monday, 22nd Apr 2024) from $13.41 to $13.22. During the last trading day the stock fluctuated 3.96% from a day low at $13.14 to a day high of $13.66. The price has been going up and down for this period, and there has been a -8.19% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 7 thousand shares were bought and sold for approximately $95.24 thousand.
The stock lies in the middle of a very wide and strong 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 348.76% during the next 3 months and, with a 90% probability hold a price between $53.53 and $79.77 at the end of this 3-month period.
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ASMB Signals & Forecast
There are few to no technical positive signals at the moment. The Assembly Biosciences stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.85 and $13.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -12.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Assembly Biosciences stock
Assembly Biosciences finds support from accumulated volume at $13.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.520 between high and low, or 3.96%. For the last week the stock has had daily average volatility of 7.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASMB) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Assembly Biosciences to open at $13.34, and during the day (based on 14 day Average True Range), to move between $12.44 and $14.00, which gives a possible trading interval of +/-$0.780 (+/-5.90%) up or down from last closing price. If Assembly Biosciences takes out the full calculated possible swing range there will be an estimated 11.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.20 (0.15%) than the resistance at $13.33 (0.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Assembly Biosciences stock A Buy?
The Assembly Biosciences stock holds several negative signals and despite the positive trend, we believe Assembly Biosciences will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.605 Sell Candidate Downgraded
Predicted Opening Price for Assembly Biosciences of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $13.34 ( 0.91%) | $13.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.86 | 4.84 % | |
| R2 | 13.66 | 3.34 % | ||
| R1 | 13.54 | 2.41 % | ||
| Current price: | 13.22 | |||
| Support | S1 | 13.14 | -0.595 % | |
| S2 | 13.02 | -1.52 % | ||
| S3 | 12.82 | -3.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.79 | 4.31 % | |
| R2 | 13.47 | 1.89 % | ||
| R1 | 13.33 | 0.83 % | ||
| Current price | 13.22 | |||
| Support | S1 | 13.20 | -0.151% | |
| S2 | 12.35 | -6.58% | ||
| S3 | 12.27 | -7.19% |
FAQ
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