Bullish vs. Bearish (7 opinions)
Social Sentiment 0.00
AZN Forecast and Technical Stock Analysis
Buy candidate since 2019-08-06 Gain 2.29%
Astrazeneca PLC gained 0.45% in the last trading day ( Tuesday, 20th Aug 2019 ), rising from $44.42 to $44.62 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.03% from a day low at $44.48 to a day high of $44.94. The price has risen in 8 of the last 10 days and is up by 2.29% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3.54 million more shares were traded than the day before. In total, 5.06 million shares bought and sold for approximately $225.73 million.
- 30 day high of the AZN stock price was $45.28 and low was $39.85.
- 90 day high was $45.28 and low was $37.12.
- 52 week high for Astrazeneca PLC - $45.28 and low - $35.30.
Astrazeneca PLC lies in the middle of a 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 16.69% during the next 3 months and, with 90% probability hold a price between $49.51 and $53.90 at the end of this period.
Only positive signals in the chart today. Astrazeneca PLC holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $44.37 and $42.50. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 61 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Astrazeneca PLC finds support from accumulated volume at $44.39.
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 $0.46 (1.03%) between high and low. For the last week, the stock has had daily average volatility of 1.03%.
Our recommended stop-loss: $42.16 (-5.51%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
1.03 %Average volatility
Very Low Low Medium High Very High
Astrazeneca PLC holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|AZN $44.62 ($0.20 0.45%)|
AZN is up $0.20 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!