Aytu Bioscience Stock Forecast

Red day on Friday for Aytu Bioscience
(Updated on Apr 19, 2024)

AYTU Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.10%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aytu Bioscience 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 $2.86 and $3.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Aytu Bioscience stock

Aytu Bioscience finds support from accumulated volume at $2.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0923 between high and low, or 3.37%. For the last week, the stock has had daily average volatility of 6.37%.

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

Trading Expectations (AYTU) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Aytu Bioscience to open at $2.79, and during the day (based on 14 day Average True Range), to move between $2.62 and $2.96, which gives a possible trading interval of +/-$0.172 (+/-6.15%) up or down from last closing price. If Aytu Bioscience takes out the full calculated possible swing range there will be an estimated 12.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.73 (2.15%) than the resistance at $2.89 (3.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aytu Bioscience stock A Buy?

The Aytu Bioscience stock holds several negative signals and despite the positive trend, we believe Aytu Bioscience will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.245 Sell Candidate Unchanged

Predicted Opening Price for Aytu Bioscience of Monday, April 22, 2024

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