Athersys Inc. (ATHX)

Athersys stock forecast: buy or sell

Athersys stock outlook

  • Athersys closed yesterday at $2.81 after sinking a -3.1% breaking a streak of 4 sessions in positive.
  • From the chart point view, price is drawing an scaled downtrend since early April with lower tops and lower bottoms. shares price lost a -35.84% since the downtrend started.
  • Athersys, Inc., a biotechnology company, focuses on the research and development activities in the field of regenerative medicine.
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Please read:
The viewpoints contained in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the specific scenarios of the reader, his or her own 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 provided for general educational motives only

Athersys stock chart overview

Should I buy Athersys stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 ATHX stock a buy?

In the current situation of Athersys there is not any eligible buy setup. This doesn't mean we expect a selloff for ATHX in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

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Should I sell Athersys stock?

"To sell or not to sell", if you are holding Athersys stock?. Trading strategies give us the ability us to avoid impulsive decisions based on our personal feelings or the buzz surrounding the market. When selling, as well as buying, detailed setups are very easy to follow but are only valid for selling shares you already own, not for shorting ATHX stock

A guiding principle is that you must never mantain an open trade that leads to higher than expected losses upon purchase. The timing to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Athersys stock?

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

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Analysts' recommendations to buy or sell Athersys 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 month, just one analyst rating was published for Athersys

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Athersys ratings

Brokerage firmRating
Jun 25th, 2020
Bank of America Strong buy

Technical analysis

Athersys accumulates a selloff of -35.84% since its latest peak early April at $4.38. The stock drew 3 consecutive lower tops

SMAs overview

Moving averages are simple tools for investors to detect stock direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Market investors use supports and resistances as a way to identify price points in the stock price action that tend to behave as barriers, containing the price of shares to move in certain direction. Supports are levels where the price tends to find support as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it is likely to continue declining until meeting another support level. In contrast, resistance levels are where the price tends to find opposition as it rises. In the same way, this means that the price is more liable to "rebound" at this level, and if it finally ruptures this level, the price will rally more easily until it hits the next resistance

The current resistances are:

  • R1: $2.90 (3.2% above)
  • R2: $3.09 (9.96% above)
  • R3: $3.23 (14.95% above)
  • The current support levels are:

  • S1: $2.66 (-5.34% below)
  • S2: $2.65 (-5.69% below)
  • S3: $2.63 (-6.41% below)
  • Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. Essentially, the Bollinger Bands are lines that flow around a moving averagediffering in distance from the bottom to the top depending on market volatility. They are usually plotted 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

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that track price action to detect when the price of a share or financial asset is oversold or overbought. Oscillator indicators, such as relative strength, are designed 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

    When the Relative Strength Indicator stays for so long below 70 and above 30, without signaling moments of overvaluation and undervaluation, the indicator gets of little use, and we are currently in one of these situations.

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    Earnings and financials

    Athersys Inc. (ATHX) reported first-quarter earnings of $-0.06 per share, highly uplifting the Market consensus estimate of $-0.08 per share. This Q1 report means an earnings surprise of 25%. On the contrary, the company said turnover for Q1 was $0.00 in line with analysts' estimates.

    Compared to the same quarter last year, EPS was $-0.08, so reported EPS is a improvement of 25%. Looking at sales, figures tanked a -78.03% compared to $19.4M same quarter last year.

    Athersys is releasing quarterly earnings report on early next August. Analysts predict an earnings per share (EPS) of $-0.08, that is a 33.33% lower than Q1. Earnings reporting day has a more than usual risk for traders as the data provided can gap up or down the stock price with very low volume and not honouring your buy/stop-loss orders. You can uncover more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.athersys.com.

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