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
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Astrazeneca PLC stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Astrazeneca PLC stock price gained 2.91% on the last trading day (Wednesday, 27th Mar 2024), rising from $66.33 to $68.26. During the last trading day the stock fluctuated 1.95% from a day low at $67.07 to a day high of $68.38. The price has been going up and down for this period, and there has been a 1.01% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $560.61 million.

Given the current short-term trend, the stock is expected to fall -3.35% during the next 3 months and, with a 90% probability hold a price between $57.86 and $65.97 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

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 $66.36 and $65.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 11.85%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $1.31 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.17%.

Our recommended stop-loss: $65.73 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (AZN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Astrazeneca PLC to open at $67.90, and during the day (based on 14 day Average True Range), to move between $67.26 and $69.26, which gives a possible trading interval of +/-$1.00 (+/-1.46%) up or down from last closing price. If Astrazeneca PLC takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $68.32 (0.09%) than the support at $63.52 (6.94%), 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?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.018 Buy Candidate Upgraded

Predicted Opening Price for Astrazeneca PLC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$67.90 ( 0.527%) $68.26

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 69.21 1.39 %
R2 68.71 0.659 %
R1 68.40 0.206 %
Current price: 68.26
Support S1 67.40 -1.26 %
S2 67.09 -1.71 %
S3 66.59 -2.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 69.57 1.92 %
R2 68.40 0.205 %
R1 68.32 0.0879 %
Current price 68.26
Support S1 63.52 -6.94%
S2 62.26 -8.79%
S3 61.66 -9.67%

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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy 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 2024-03-27, the price of an Astrazeneca PLC (AZN) share was $68.26.

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 2024-03-27, the market capitalization of Astrazeneca PLC is 211.594B.

When is the next earnings date for Astrazeneca PLC?
The upcoming earnings date for Astrazeneca PLC is Apr 25, 2024.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT