Assembly Biosciences Forecast and Stock Analysis
Technical ASMB stock analysis for Friday June 14, 2019.
Assembly Biosciences fell by -4.97% in the last day ( Friday, 14th Jun 2019 ) from $15.29 to $14.53 During day the stock fluctuated 5.25% from a day low at $14.47 to a day high of $15.23. The price has been going up and down for this period, and there has been a 3.49% 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 -49 247 shares and in total 93 656 shares bought and sold for approximately $1.36 million.
- 30 day high of the ASMB stock price was $16.44 and low was $13.91.
- 90 day high was $21.21 and low was $13.13.
- 52 week high for the Assembly Biosciences - $48.91 and low - $13.13.
Assembly Biosciences 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 -26.24% during the next 3 months and, with 90% probability hold a price between $8.03 and $12.12 at the end of this period.
There are few to none technical positive signals at the moment. Assembly Biosciences 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 $14.62 and $15.34. A break-up above any of these levels will issue buy signals. 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.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Assembly Biosciences finds support from accumulated volume at $14.30.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.32 %Average volatility
Very Low Low Medium High Very High
Assembly Biosciences 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|ASMB $14.53 ($-0.76 -4.97%)|
ASMB is down $0.76 today, but where's it headed in 2019?
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