Asterias Biotherapeutics, Inc Stock Forecast

Red day on Thursday for Asterias Biotherapeutics, Inc stock after losing 0%
(Updated on Apr 25, 2024)

AST.L Signals & Forecast

There are mixed signals in the stock today. The Asterias Biotherapeutics, Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 £2.27 and £2.49. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Asterias Biotherapeutics, Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 £0.100 between high and low, or 4.76%. For the last week the stock has had daily average volatility of 4.89%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AST.L) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Asterias Biotherapeutics, Inc to open at £2.17, and during the day (based on 14 day Average True Range), to move between £2.06 and £2.34, which gives a possible trading interval of +/-£0.141 (+/-6.41%) up or down from last closing price. If Asterias Biotherapeutics, Inc takes out the full calculated possible swing range there will be an estimated 12.81% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £2.40, some £0.200 (9.09%) from the current price of £2.20, our system finds the risk reward not very attractive.

Is Asterias Biotherapeutics, Inc stock A Buy?

Asterias Biotherapeutics, Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -4.170 Sell Candidate Unchanged

Predicted Opening Price for Asterias Biotherapeutics, Inc of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.