Aytu Bioscience stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session. (Updated at: 2020-09-22)

Hold candidate since 2020-09-22 PDF

No changes to the price of Aytu Bioscience in the last trading day (Tuesday, 22nd Sep 2020). During the day the stock fluctuated 7.14% from a day low at $1.26 to a day high of $1.35. The price has risen in 5 of the last 10 days and is up by 21.5% over the past 2 weeks.

Aytu Bioscience lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.80% during the next 3 months and, with a 90% probability hold a price between $0.74 and $1.10 at the end of this period.

Aytu Bioscience holds buy signals from both short- and long-term moving averages. In addition, 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 $1.28 and $1.24. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday September 18, 2020 , and it has fallen so far -5.80%. Further fall is indicated until a new bottom pivot has been found.

Aytu Bioscience finds support from accumulated volume at $1.29. Support: $1.29 Price: $1.30 Resistance: $1.37

$1.29 $1.30 $1.37

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 $0.09 between high and low, or 7.14%. For the last week, the stock has had daily average volatility of 8.21%. Our recommended stop-loss: $1.23 (-5.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 day(s) ago.) 8.21 % Average volatility

Overall risk: Very Low Low Medium High Very High

HC Wainwright is very positive to AYTU and gave it "Buy" rating on 2020-08-06. The price target was set to $3.00.