ETNB NEWS why is 89bio Inc price falling or rising

ETNB NEWS reasons for why stock price of 89bio Inc is falling or rising

ETNB 89bio Inc is falling or rising technical reasons

Technical analysis forecast for 89bio Inc Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT 89bio Inc ETNB at this time. Stock is falling and might fall more.

It appears as if 89bio Inc ETNB gave a large move recently.

Stock of 89bio Inc (ETNB) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of 89bio Inc is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8.5 as stoploss in an intra day buy trade for a target of 9.31. However, stock will show a bearish move below 8.5.

ETNB 89bio Inc is falling or rising NEWS fundamental reasons

More announcements and NEWS

ETNB 89bio Inc current price & indicator signals

Moving Averages for 89bio Inc

  • 5Day Average: 8.58
  • 12Day Average: 8.76
  • 20Day Average: 9.35
  • 50Day Average: 10.89
  • 100Day Average: 10.7
  • 150Day Average: 10
  • 200Day Average: 11.58

ETNB Indicators & signals

Indicator MACD (12,26,9)

8.9, 9.55, -0.67
Indicator MACD is in negative zone

Indicator ADX (14)

23.08, 17.54, 28.07
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ETNB 89bio Inc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 8.86 8.56 to 9.15 1.26% 0.77 times
01 Wed May 2024 8.75 8.54 to 9.14 2.82% 1.25 times
30 Tue Apr 2024 8.51 8.42 to 8.77 -0.23% 0.74 times
29 Mon Apr 2024 8.53 8.35 to 8.66 3.27% 0.77 times
26 Fri Apr 2024 8.26 8.18 to 8.45 0.12% 0.85 times
25 Thu Apr 2024 8.25 8.04 to 8.46 -3.85% 1.32 times
24 Wed Apr 2024 8.58 8.54 to 9.11 -3.81% 1.14 times
23 Tue Apr 2024 8.92 8.92 to 9.57 -4.19% 0.97 times
22 Mon Apr 2024 9.31 9.12 to 9.78 2.53% 0.76 times
19 Fri Apr 2024 9.08 8.78 to 9.10 2.25% 1.32 times
18 Thu Apr 2024 8.88 8.86 to 9.34 -3.06% 0.88 times
17 Wed Apr 2024 9.16 9.12 to 9.57 -2.24% 0.9 times

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ETNB NEWS why is 89bio Inc price falling or rising

 

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