Adicet Bio Inc Stock Forecast
Adicet Bio Inc stock price ended at $2.20 on Monday, after gaining 1.85%.
(Updated on Apr 15, 2024)
The Adicet Bio Inc stock price gained 1.85% on the last trading day (Monday, 15th Apr 2024), rising from $2.16 to $2.20. During the last trading day the stock fluctuated 5.61% from a day low at $2.14 to a day high of $2.26. The price has fallen in 6 of the last 10 days and is down by -8.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 73 thousand more shares were traded than the day before. In total, 489 thousand shares were bought and sold for approximately $1.08 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.09% during the next 3 months and, with a 90% probability hold a price between $1.27 and $2.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
ACET Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Adicet Bio Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Adicet Bio Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.21 and $2.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -8.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Adicet Bio Inc stock
Adicet Bio Inc finds support from accumulated volume at $2.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.120 between high and low, or 5.61%. For the last week, the stock has had daily average volatility of 5.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACET) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Adicet Bio Inc to open at $2.20, and during the day (based on 14 day Average True Range), to move between $2.05 and $2.35, which gives a possible trading interval of +/-$0.151 (+/-6.86%) up or down from last closing price. If Adicet Bio Inc takes out the full calculated possible swing range there will be an estimated 13.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.14 (2.73%) than the resistance at $2.40 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Adicet Bio Inc stock A Buy?
Adicet Bio Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.730 Sell Candidate Unchanged
Predicted Opening Price for Adicet Bio Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $2.20 ( 0%) | $2.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACET
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.32 | 5.45 % | |
| R2 | 2.27 | 3.37 % | ||
| R1 | 2.25 | 2.08 % | ||
| Current price: | 2.20 | |||
| Support | S1 | 2.15 | -2.08 % | |
| S2 | 2.13 | -3.37 % | ||
| S3 | 2.08 | -5.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.51 | 14.09 % | |
| R2 | 2.46 | 11.82 % | ||
| R1 | 2.40 | 9.09 % | ||
| Current price | 2.20 | |||
| Support | S1 | 2.14 | -2.73% | |
| S2 | 2.05 | -6.82% | ||
| S3 | 2.00 | -9.09% |
ACET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 12, 2018 | Sep 21, 2018 | Oct 09, 2018 | $0.0100 | 0.0115% |
| 2 | May 03, 2018 | Jun 07, 2018 | Jun 22, 2018 | $0.0100 | 0.0145% |
| 3 | Feb 01, 2018 | Mar 08, 2018 | Mar 23, 2018 | $0.0650 | 0.0788% |
| 4 | Dec 07, 2017 | Dec 15, 2017 | Dec 28, 2017 | $0.0650 | 0% |
| 5 | Aug 24, 2017 | Sep 07, 2017 | Sep 21, 2017 | $0.0650 | 0% |
FAQ
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