ABUS - Arbutus Biopharma Corporation

Industry: Biotechnology Sector: Healthcare Exchange: NASDAQ

ABUS - Arbutus Biopharma Corporation

Industry: Biotechnology Sector: Healthcare Exchange: NASDAQ
#1966()/7023

Fri 03'rd Aug 2018

PERIOD 2018-05-04 - 2018-08-03
CHANGE -21.86%
PRICE $9.65
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

0.00%

Arbutus Biopharma Corporation Stock Analysis

Technical stock analysis for Fri 03'rd Aug 2018

Buy candidate since 2018-06-14 Gain 60.83%
Shorts 3.40% ( 2018-07-13 )
Cash 88.2 mill
Loans n/a
Beta 1.22
ROA -32.13

Arbutus Biopharma Corporation fell by -21.86% in the last day from $12.35 to $9.65 The price has been going up and down for this period, and there has been a -16.45% loss for the last 2 weeks. Volume has increased in the last day by 0.57 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.50 million shares bought and sold for approximately $14.51 million.

Trend

Arbutus Biopharma Corporation lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $9.58 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 102.61% during the next 3 months and, with 90% probability hold a price between $19.42 and $26.96 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday August 02, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Arbutus Biopharma Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $11.15. On a fall, the stock will find some support from the long-term average at approximately $9.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

Access today's Top 5 Golden Star Companies

A buy signal from a double bottom formation was found on Tuesday July 24, 2018 and based on theory for this formation the price should go up by 1.01% to $11.81 within 6 trading days since signal was issued (Wednesday August 01, 2018).

Relative Strength Index (RSI)

RSI14 is 42 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Arbutus Biopharma Corporation finds support from accumulated volume at $9.20.

Support: $9.20 Price: $9.65 Resistance: $10.60

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.75 between high and low, or 28.65%. For the last week, the stock has had a daily average volatility of 11.32%.

Our recommended stoploss: $9.05 (-6.18%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate

Click for Top 5 Buy Candidates

Hot Trends

verizon communications stock price aapl stock graph walmart stock split prediction bank of america corporation stock prudential financial share price j&j stocks best stock invest can i invest in tesla ford stock recommendations news on amd stock gestock price today good time to buy oil exxon mobil corp. stock apple stock report today stocks in disney current stock price ford motor company buying stock in apple is verizon a good stock to buy now best stock buys today
Help us IMPROVE our CHARTS HERE.

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

Proudly made at


in partnership with
START FREE 5-DAY TRIAL