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Acb Stock Today| Acb Stock Forecast| Acb price new today | acb stock analysis JAN 13,2022


Acb Stock Today| Acb Stock Forecast| Acb price new today | acb stock analysis JAN 13,2022

Weaker technical forecast for Aurora Cannabis Inc. as stock downgraded to Sell Candidate.
(Updated on Jan 12, 2022)

The Aurora Cannabis Inc. stock price fell by -2.29% on the last day (Wednesday, 12th Jan 2022) from $5.89 to $5.76. During the day the stock fluctuated 4.83% from a day low at $5.74 to a day high of $6.02. The price has risen in 6 of the last 10 days and is up by 5.6% over the past 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 -6 million shares and in total, 3 thousand shares were bought and sold for approximately $19.43 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.61% during the next 3 months and, with a 90% probability hold a price between $4.05 and $5.53 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.

Signals Forecast
A buy signal was issued from a pivot bottom point on Thursday, January 06, 2022, and so far it has risen 7.17%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aurora Cannabis Inc. stock holds a buy signal from the short-term moving average at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $5.96. On a fall, the stock will find some support from the short-term average at $5.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk Stop-loss
Aurora Cannabis Inc. finds support from accumulated volume at $5.51 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 $0.28 between high and low, or 4.83%. For the last week the stock has had a daily average volatility of 6.58%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Aurora Cannabis Inc. stock A Buy?
Aurora Cannabis Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.310

Predicted Opening Price for Aurora Cannabis Inc. of Thursday, January 13, 2022
The predicted opening price is based on yesterday’s movements between high, low, and the closing price.

Fair opening price January 13, 2022

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