Aurinia Pharmaceuticals Inc Forecast and Stock Analysis
Technical AUPH stock analysis for March 15, 2019.
No changes to the price of Aurinia Pharmaceuticals Inc in the last trading day. The price has fallen in 8 of the last 10 days and is down by -7.66% for this period.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the AUPH stock was $6.27.
During day the stock fluctuated 3.40% from a day low at $6.17 to a day high of $6.38.
30 day high of the AUPH stock price was $7.38 and low was $6.00.
90 day high was $7.85 and low was $5.50.
52 week high for the Aurinia Pharmaceuticals Inc - $7.85 and low - $5.01.
Given the current horizontal trend you can expect Aurinia Pharmaceuticals Inc with 90% probability to be traded between $5.70 and $7.84 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are mixed signals in the stock today. Aurinia Pharmaceuticals Inc 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 $6.31 and $6.47. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday March 13, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 12 and the stock is currently not being overbought or oversold
Support & Resistance
Aurinia Pharmaceuticals Inc finds support from accumulated volume at $6.20.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.21 between high and low, or 3.40%. For the last week, the stock has had a daily average volatility of 2.58%.
Aurinia Pharmaceuticals Inc is overbought on RSI14 (12). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: $5.81 (-7.27%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 12 which reduces the risk some. There is a buy signal from pivot bottom found 2 days ago.)
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Aurinia Pharmaceuticals Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.