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Athersys Inc. (ATHX)

Athersys stock forecast: buy or sell

Close on Sep 29th, 2020
$2.03 -0.02%
3 months performance
-0.26%
Published: September 29th, 2020 - 9.43pm EDT

Athersys stock outlook

  • Athersys closed today at $2.03 after going down a -2.4% breaking a streak of 3 sessions in negative.
  • Athersys, Inc., a biotechnology company, focuses on the research and development activities in the field of regenerative medicine.

Important note:
The viewpoints written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the individual scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for education purposes only

Athersys stock charts

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?

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

Should I sell Athersys stock?

When is it time to sell Athersys?. Just as when we have to buy shares, determining when is the best time to sell is not a haphazard decision, and we must follow our own trading style. We like very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for selling short Athersys stock

As a rule of thumb, you should not mantain an investment that leads to greater losses than those expected by the time of the buy. When to sell your stock must always be determined 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 hold Athersys stock and your operation is in profit probably is not time to sell now

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 30 days we couldn't find any rating for Athersys

Technical analysis

SMAs overview

A favorite tool of many traders are the moving averages, that easily show market momentum. A moving average is the average price of a stock over a set period of time. 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. Further about Moving Averages from sources like Wikipedia and Investopedia

ATHX SMAs chart

Supports and resistances

Investors use supports and resistances to spot price points in the stock price action that may behave as glass ceiling, containing the price of an asset to move up or down. A support level is a level where the price tends to stop as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it will probably continue falling until finding another support level. On the other side, resistances are where the price may find a curb as it moves up. Likewise, this means that the price is more liable to "rebound" at this level, and if it finally breaches this level, it will climb more easily until it finds the next resistance

The current resistances are:

  • R1: $2.03 (0% above)
  • R2: $2.05 (0.99% above)
  • R3: $2.08 (2.46% above)
  • The current supports are:

  • S1: $2.02 (-0.49% below)
  • S2: $2.01 (-0.99% below)
  • S3: $1.99 (-1.97% below)
  • Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. Fundamentally, the Bollinger Bands are bands that flow around a moving average, varying the distance from the bottom to the top depending on market volatility. They are usually drawn by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    ATHX RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. Its objective is to map the current and previous strength or weakness of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by traders

    When the Relative Strength Indicator moves for so long below 70 and above 30, without indicating moments of overbought and oversold, the indicator turns out to be of little use, and we are now in such a case.

    ATHX RSI chart

    Earnings and financials

    Athersys Inc. (ATHX) came out with second-quarter earnings of $-0.10 per share, severely worsening the Wall St consensus estimate of $-0.08 per share. This quarterly report represents an earnings surprise of -25%. On the contrary, reported sales were $840,000, consistent with the market forecasts.

    In contract, the EPS for the same quarter last year was $-0.06, so current EPS is a loss of -66.67%. Looking at turnover, figures collapsed a -94.21% compared to $1.5M year over year.

    Athersys is hosting the quarterly earnings call on early next November. Wall Street estimates a per-share earnings of %s of $-0.09, compared to previous quarter that made $-0.10. If you hold or you are thinking of buying Athersys shares, you must be aware that the financial reporting day usually has a very high volatility, and price can soar and sink with unsually low liquidity and not honouring your buy or stop-loss orders. Check company's website to confirm time and details about the earnings call and the earnings report.

    ATHX revenues and profits chart