Athersys Forecast and Stock Analysis
Technical ATHX stock analysis for March 22, 2019.
Athersys fell by -6.17% in the last day from $1.62 to $1.52 The price has risen in 7 of the last 10 days and is up by 0.66% over the past 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 -416 497 shares and in total 727 531 shares bought and sold for approximately $1.11 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the ATHX stock was $1.52. This is 6.17% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 11.42% from a day low at $1.51 to a day high of $1.68.
30 day high of the ATHX stock price was $1.69 and low was $1.46.
90 day high was $1.77 and low was $1.36.
52 week high for the Athersys - $3.09 and low - $1.36.
Athersys lies in the middle of a wide and weak 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 3.97% during the next 3 months and, with 90% probability hold a price between $1.49 and $1.82 at the end of this period.
There are few to none technical positive signals at the moment. Athersys holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $1.55 and $1.54. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 21, 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 47 and the stock is currently not being overbought or oversold
Support & Resistance
Athersys finds support from accumulated volume at $1.51.
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.
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Evaluation: Sell Candidate
The Athersys stock holds several negative signals and despite the positive trend we believe Athersys will perform weak 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 recommendation for this stock since last evaluation from a Strong Buy Candidate to a Sell Candidate.