Aurora Cannabis Inc. (ACB)

Aurora Cannabis stock forecast: buy or sell

Aurora Cannabis stock outlook

  • Aurora Cannabis closed today at $11.75 (-2.73%) prior to reporting earnings at
  • Aurora Cannabis Inc. produces and distributes medical cannabis products worldwide.
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Important note:
The opinions published in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not know the specific positions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for education purposes only

Aurora Cannabis stock chart overview

Should I buy Aurora Cannabis stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is ACB stock a buy?

Currently, Aurora Cannabis stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean ACB will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Aurora Cannabis stock?

When you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Trading strategies prevent us from making impulsive decisions based on our personal emotions or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very simple to use but are only applicable for selling shares in your porfolio, not for selling short ACB stock

A guiding principle is that you should never keep a trading operation that shows a higher than expected losses at the time of purchase. When to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Aurora Cannabis stock?

Currently, Aurora Cannabis stock doesn't match any of our preferred sell setups, so if you hold Aurora Cannabis shares and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Aurora Cannabis stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days, 2 ratings were published for Aurora Cannabis

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Aurora Cannabis ratings

Brokerage firmRating
Jun 24th, 2020
Cantor Fitzgerald Buy
Jun 24th, 2020
Stifel Nicolaus Strong sellNeutral

Technical analysis

SMAs overview

A favorite tool of many traders are the moving averages, that easily show trend momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. You can found more about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Technical analysts use support and resistance levels to identify price points on a chart that tend to behave as glass ceiling, preventing the price of shares to move up or down. A support level is a level where the price may find support as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it will probably continue descending until meeting another support level. On the contrary, resistance levels are where the price may find opposition as it moves up. In the same manner, this means that the price is more liable to "rebound" at this level, and if it finally breaches this level, it will climb easily until it meets the next resistance

The current resistances are:

  • R1: $13.56 (15.4% above)
  • R2: $18.00 (53.19% above)
  • R3: $19.68 (67.49% above)
  • The current supports are:

  • S1: $9.60 (-18.3% below)
  • S2: $7.86 (-33.11% below)
  • S3: $7.20 (-38.72% below)
  • Bollinger bands

    The so-called Bollinger bands are a widely known studio introduced by John Bollinger. Basically, the Bollinger Bands are lines that flow around a centralmoving averagediffering in distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price broke down the lower band last Thursday, the price has bounced off by 2.98%. The price is trading very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a bullish indicator, as price can trade in these levels for many days and weeks

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that measures price movements to reveal when the price of a share or financial asset is oversold or overbought. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 in mid-May after just crossing to the overbough zone for a single day (weak signal). The RSI value today was 41.37. Aurora Cannabis stock dropped a 31.29% since RSI lost the overbought zone

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    Earnings and financials

    In mid-May, Aurora Cannabis hosted the quarterly shareholders call and posted the Q1 report. The market estimate is a earnings of %s a share of $-0.80, that is a 18.37% higher than Q4 quarter. Aurora Cannabis presented 1st-quarter earnings of $-1.37 per share versus analysts estimate that was $-0.80.

    This compares to earnings of $0.00 per share a year ago, so current EPS is a drop of -. Looking at revenue, figures skyrocketed a 39.39% compared to $54.2M year over year.

    Aurora Cannabis is posting quarterly earnings report. Financial reporting day has a more than usual risk for traders as the results provided can jump up or down the stock price with lower volume and not respecting your buy/stop-loss orders. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.

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