AEterna Zentaris Inc. ($AEZS) Faces Up Against Amarin Corporation plc ($AMRN)

2019-08-16 | Welcome! Today we compared how two different stocks in the Major Pharmaceuticals industry are trading: AEterna Zentaris Inc. and Amarin Corporation plc. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, AEterna Zentaris Inc. opened at 2.18, got to a maximum price of 2.21 and dropped to as low as 2.12 before finishing the session at 2.15. In total there were 36600 shares traded, which is enough to conduct our analysis. Compare that now to Amarin Corporation plc, which opened at 14.94, had a high of 15.14, a low of 14.19, closed at 14.44 and had a total volume of 7882900.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator AEterna Zentaris Inc. Amarin Corporation plc
Accumulation-distribution index 10.83909 139.22986
on-balance volume -2.15 14.82
chaikin money flow

5.0 8.5
force index

0.0442 0.0585
ease of movement rating

-0.00386 0.02036
volume-price trend

-0.67151 -3.09181
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator AEterna Zentaris Inc. Amarin Corporation plc
Average true range 0.16402 0.58306
Bolinger bands 2.21142 14.24743
Upper bollinger band 1.92858 14.16257
Lower bollinger band

2.12 14.19
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

2.17 14.75667
High band keltner channel

2.14 14.55667
Low band keltner channel

2.2 14.95667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

2.12 14.19
Donchain channel low band

2.12 14.19
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator AEterna Zentaris Inc. Amarin Corporation plc
Moving Average Convergence Divergence (MACD) trend_macd 0.00067
MACD signal -0.00125 0.00037
MACD difference -0.001 0.0003
fast Exponential Moving Average (EMA) indicator

2.12 14.19
slow Exponential Moving Average (EMA) indicator

2.12 14.19
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.13967 0.00238
trix

-21.11083 -18.26971
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 -66.66667
Detrended Price Oscillator (DPO)

1.00354 3.89234
KST Oscillator (KST)

-321.28225 -215.25656
KST Oscillator (KST Signal)

-321.28225 -215.25656
KST difference

-8.00375 0.41477
Ichimoku rating

2.195 15.04
Ichimoku B rating

2.195 15.04
Ichimoku visual trend A

3.08102 18.52081
Ichimoku visual trend B

2.8024 18.46649
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator AEterna Zentaris Inc. Amarin Corporation plc
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 38.17611 50.18198
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-9.85182 -32.28719
stochastic oscillator

300.0 475.0
stochastic oscillator signal

300.0 475.0
Williams %R rating

200.0 375.0
awesome oscillator

0.03753 0.02849

RETURNS: That’s all for technical analysis. Now let’s just list the returns for AEterna Zentaris Inc. and Amarin Corporation plc.

Daily return -32.12823 -21.52566
Daily log return -4.83186 0.21119
Cumulative return -4.71698 0.21142

So there you have it: our deep, grueling analysis comparing AEterna Zentaris Inc. and Amarin Corporation plc together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s AEterna Zentaris Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether AEZS is strong or weak. Again – this is not a reliable indication of whether AEterna Zentaris Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Amarin Corporation plc

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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