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Acb Stock Today| Acb Stock Forecast| Acb price new today | acb stock analysis JAN 14,2022


Acb Stock Today| Acb Stock Forecast| Acb price new today | acb stock analysis JAN 14,2022

Green day on Thursday for Genius Brands International Inc stock after gaining 1.42%
(Updated on Jan 13, 2022)

The Aurora Cannabis Inc. stock price fell by -3.99% on the last day (Thursday, 13th Jan 2022) from $5.76 to $5.53. and has now fallen 3 days in a row. During the day the stock fluctuated 4.88% from a day low at $5.53 to a day high of $5.80. The price has been going up and down for this period, and there has been a 0.55% 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, 0 shares were bought and sold for approximately $0 .

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 -23.07% during the next 3 months and, with a 90% probability hold a price between $3.21 and $5.45 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
There are few to no technical positive signals at the moment. The Aurora Cannabis Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.61 and $5.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 11, 2022, and so far it has fallen -6.11%. 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 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.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.27 between high and low, or 4.88%. For the last week the stock has had a daily average volatility of 6.17%

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 is within a very wide and falling trend, so we believe 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: -2.372

Predicted Opening Price for Aurora Cannabis Inc. of Friday, January 14, 2022
The predicted opening price is based on yesterday’s movements between high, low, and the closing price.

Fair opening price January 14, 2022

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