Assembly Biosciences Stock Forecast
Assembly Biosciences stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The Assembly Biosciences stock price gained 1.58% on the last trading day (Wednesday, 24th Apr 2024), rising from $13.27 to $13.48. During the last trading day the stock fluctuated 3.30% from a day low at $13.05 to a day high of $13.48. The price has risen in 6 of the last 10 days but is still down by -8.17% for this period. Volume fell on the last day by -8 thousand shares and in total, 6 thousand shares were bought and sold for approximately $75.92 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and 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 279.65% during the next 3 months and, with a 90% probability hold a price between $43.05 and $64.72 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ASMB Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -10.49%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Assembly Biosciences 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 $13.45 and $13.36. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Assembly Biosciences stock
Assembly Biosciences finds support from accumulated volume at $13.47 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.430 between high and low, or 3.30%. For the last week the stock has had daily average volatility of 4.36%.
Our recommended stop-loss: $12.74 (-5.52%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (ASMB) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Assembly Biosciences to open at $13.34, and during the day (based on 14 day Average True Range), to move between $12.76 and $14.20, which gives a possible trading interval of +/-$0.725 (+/-5.38%) up or down from last closing price. If Assembly Biosciences takes out the full calculated possible swing range there will be an estimated 10.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.47 (0.07%) than the resistance at $13.50 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Assembly Biosciences will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$2.74. We will update the financials statements for Assembly Biosciences, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.60% in the first trading day after earnings release.
Is Assembly Biosciences stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Assembly Biosciences 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: 2.054 Buy Candidate Upgraded
Predicted Opening Price for Assembly Biosciences of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $13.34 ( 1.06%) | $13.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.77 | 2.13 % | |
| R2 | 13.60 | 0.91 % | ||
| R1 | 13.50 | 0.155 % | ||
| Current price: | 13.48 | |||
| Support | S1 | 13.17 | -2.28 % | |
| S2 | 13.07 | -3.03 % | ||
| S3 | 12.91 | -4.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.79 | 2.30 % | |
| R2 | 13.64 | 1.19 % | ||
| R1 | 13.50 | 0.148 % | ||
| Current price | 13.48 | |||
| Support | S1 | 13.47 | -0.0742% | |
| S2 | 12.35 | -8.38% | ||
| S3 | 12.27 | -8.98% |
FAQ
Click here for our free guide on how to buy Assembly Biosciences Stock.
