Weaker Buy Today ASND ranks #1398 as BUY CANDIDATE #1398 Stronger Buy

Ascendis Pharma A/S stock forecast

ASND stock forecast

Wednesday June 19, 2019 Change 0.37% Price $126.15
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will ASND stock price go up or down on Thu, 20 Jun 2019?

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Ascendis Pharma A/S Forecast and Stock Analysis

Technical ASND stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-19


Ascendis Pharma A/S gained 0.37% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $125.69 to $126.15 During day the stock fluctuated 2.66% from a day low at $123.72 to a day high of $127.02. The price has been going up and down for this period, and there has been a -0.86% loss for the last 2 weeks. Volume fell in the last day by -232 651 shares, and in total, 316 531 shares bought and sold for approximately $39.93 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 ASND stock price was $133.96 and low was $115.80.
  • 90 day high was $133.96 and low was $105.02.
  • 52 week high for the Ascendis Pharma A/S - $133.96 and low - $53.21.

Trend

Ascendis Pharma A/S lies in the middle of a 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 10.04% during the next 3 months and, with 90% probability hold a price between $127.07 and $147.92 at the end of this period.

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Signals

Only positive signals in the chart today. Ascendis Pharma A/S holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $123.18 and $123.86. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday June 18, 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 47 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ascendis Pharma A/S finds support from accumulated volume at $125.69.

Support: $125.69 Price: $126.15 Resistance: $127.24

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $3.30 (2.66%) between high and low. For the last week, the stock has had a daily average volatility of 3.74%.

Our recommended stoploss: $118.90 (-5.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

3.74 %

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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate Upgraded
Weaker Buy Today ASND ranks #1398 as BUY CANDIDATE #1398 Stronger Buy

Will ASND stock price go up or down on Thu, 20 Jun 2019?

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