Should You Buy Amarin Corporation PLC (AMRN) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
AMRN is not a good buy right now for a Beginner, long-term investor—even with $50k–$100k available. The stock is spiking +12% pre-market to ~17.59 (above key resistance), but fundamentals remain loss-making, there’s no supporting news catalyst this week, and predictive pattern data points to downside over the next day/week/month. Given the high volatility and mixed options sentiment, the risk/reward is not attractive for an impatient long-term entry. Action: avoid/new money should stay out (and if already owned, consider trimming into strength).
Technical Analysis
Price/Trend: Pre-market ~17.59 (+12.11%) indicates a sharp gap-up. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), supporting an uptrend. Momentum: MACD histogram is positive (0.142) but contracting, suggesting bullish momentum is weakening rather than accelerating. RSI_6 ~54.6 is neutral (not oversold). Levels: Pivot 15.759; Resistance R1 16.832 and R2 17.495; Support S1 14.685. With pre-market ~17.59, AMRN is trading above R2 (a breakout), but breakouts without a clear catalyst often fade. Pattern-based outlook provided: ~70% chance of -1.71% next day, -1.1% next week, -6.62% next month—this conflicts with the gap-up and increases the odds of a pullback after the open.
