Ascendis Pharma A/S Stock Forecast
Stronger technical forecast for Ascendis Pharma A/S stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Ascendis Pharma A/S stock price gained 1.84% on the last trading day (Thursday, 28th Mar 2024), rising from $148.44 to $151.17. During the last trading day the stock fluctuated 4.79% from a day low at $144.66 to a day high of $151.59. The price has fallen in 7 of the last 10 days but is still up by 0.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 54 thousand more shares were traded than the day before. In total, 295 thousand shares were bought and sold for approximately $44.56 million.
The stock 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 16.84% during the next 3 months and, with a 90% probability hold a price between $170.10 and $197.45 at the end of this 3-month period.
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ASND Signals & Forecast
The Ascendis Pharma A/S stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, 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 $147.07 and $149.27. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -5.16%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ascendis Pharma A/S stock
On the downside, the stock finds support just below today's level from accumulated volume at $139.29 and $132.40. There is a 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, Ascendis Pharma A/S finds support just below today's level at $139.29. If this is broken, then the next support from accumulated volume will be at $132.40 and $129.93.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $6.93 (4.79%) between high and low. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: $144.71 (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (ASND) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ascendis Pharma A/S to open at $149.14, and during the day (based on 14 day Average True Range), to move between $146.27 and $156.07, which gives a possible trading interval of +/-$4.90 (+/-3.24%) up or down from last closing price. If Ascendis Pharma A/S takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $152.47 (0.86%) than the support at $139.29 (7.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Ascendis Pharma A/S stock A Buy?
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 Ascendis Pharma A/S stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.729 Buy Candidate Upgraded
Predicted Opening Price for Ascendis Pharma A/S of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$149.14 ( 1.34%) | $151.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASND
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 156.07 | 3.24 % | |
R2 | 153.42 | 1.49 % | ||
R1 | 151.79 | 0.408 % | ||
Current price: | 151.17 | |||
Support | S1 | 146.49 | -3.09 % | |
S2 | 144.86 | -4.18 % | ||
S3 | 142.21 | -5.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 158.20 | 4.65 % | |
R2 | 156.39 | 3.45 % | ||
R1 | 152.47 | 0.86 % | ||
Current price | 151.17 | |||
Support | S1 | 139.29 | -7.86% | |
S2 | 132.40 | -12.42% | ||
S3 | 129.93 | -14.05% |
FAQ
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