RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AZN
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Astrazeneca PLC stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -0.75% PDF

The Astrazeneca PLC stock price fell by -0.747% on the last day (Thursday, 28th Mar 2024) from $68.26 to $67.75. During the last trading day the stock fluctuated 1.00% from a day low at $67.68 to a day high of $68.35. The price has been going up and down for this period, and there has been a 1.06% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 3 million shares were bought and sold for approximately $231.56 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $68.23 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.02% during the next 3 months and, with a 90% probability hold a price between $58.14 and $66.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AZN Signals & Forecast

The Astrazeneca PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $66.63 and $65.29. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.747%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Astrazeneca PLC stock

On the downside, the stock finds support just below today's level from accumulated volume at $63.52 and $62.26. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Astrazeneca PLC finds support just below today's level at $63.52. If this is broken, then the next support from accumulated volume will be at $62.26 and $61.66.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.675 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.18%.

Our recommended stop-loss: $64.97 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (AZN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Astrazeneca PLC to open at $67.93, and during the day (based on 14 day Average True Range), to move between $66.77 and $68.73, which gives a possible trading interval of +/-$0.98 (+/-1.44%) up or down from last closing price. If Astrazeneca PLC takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $68.26 (0.75%) than the support at $63.52 (6.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Astrazeneca PLC stock A Buy?

Astrazeneca PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.523 Hold/Accumulate Downgraded

Predicted Opening Price for Astrazeneca PLC of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$67.93 ( 0.258%) $67.75

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

Trading levels for AZN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 68.60 1.25 %
R2 68.34 0.87 %
R1 68.18 0.639 %
Current price: 67.75
Support S1 67.67 -0.122 %
S2 67.51 -0.357 %
S3 67.25 -0.738 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 69.57 2.69 %
R2 68.40 0.96 %
R1 68.26 0.753 %
Current price 67.75
Support S1 63.52 -6.24%
S2 62.26 -8.10%
S3 61.66 -8.99%

AZN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 08, 2024 Feb 22, 2024 Mar 25, 2024 $0.99 1.50%
2 Jul 28, 2023 Aug 10, 2023 Sep 11, 2023 $0.465 0.698%
3 Feb 09, 2023 Feb 23, 2023 Mar 27, 2023 $0.99 1.43%
4 Aug 01, 2022 Aug 11, 2022 Sep 12, 2022 $0.465 0.753%
5 Feb 11, 2022 Feb 24, 2022 Mar 28, 2022 $0.99 1.51%

FAQ

What is the symbol for Astrazeneca PLC Stock and on which exchange is it traded?
The symbol for Astrazeneca PLC is AZN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Astrazeneca PLC Stock?
Astrazeneca PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Astrazeneca PLC Stock?
Astrazeneca PLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Astrazeneca PLC Stock.

What's the current price of Astrazeneca PLC Stock?
As of the end of day on the 2024-03-28, the price of an Astrazeneca PLC (AZN) share was $67.75.

What is the 52-week high and low for Astrazeneca PLC Stock?
The 52-week high for Astrazeneca PLC Stock is $76.56 and the 52-week low is $60.48.

What is the market capitalization of Astrazeneca PLC Stock?
As of the 2024-03-28, the market capitalization of Astrazeneca PLC is 210.013B.

When is the next earnings date for Astrazeneca PLC?
The upcoming earnings date for Astrazeneca PLC is Apr 25, 2024.
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About Astrazeneca PLC

Astrazeneca PLC AstraZeneca PLC, a biopharmaceutical company, focuses on the discovery, development, manufacturing, and commercialization of prescription medicines. Its marketed products include Calquence, Enhertu, Faslodex, Imfinzi, Iressa, Koselugo, Lumoxiti, Lynparza, Orpathys, Tagrisso, and Zoladex for oncology; Brilinta/Brilique, Bydureon/Byetta, BCise, Byetta, Crestor, Evrenzo, Farxiga/Forxiga, Komboglyze/Kombiglyze XR, Lokelma, Onglyza, Qtern, and Xigduo/... AZN Profile

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