Advaxis Stock Forecast

Advaxis stock price down 3.29% on Wednesday
(Updated on May 01, 2024)

ADXS Signals & Forecast

The Advaxis stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.594 and $0.622. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, February 06, 2024, and so far it has fallen -50.91%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Advaxis gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Advaxis stock

Advaxis finds support from accumulated volume at $0.640 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 4.15%.

Our recommended stop-loss: $0.611 (-5.06%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 59 days ago.)

Trading Expectations (ADXS) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Advaxis to open at $0.643, and during the day (based on 14 day Average True Range), to move between $0.590 and $0.696, which gives a possible trading interval of +/-$0.0530 (+/-8.24%) up or down from last closing price. If Advaxis takes out the full calculated possible swing range there will be an estimated 16.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.640 (0.48%) than the resistance at $0.670 (4.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Advaxis stock A Buy?

Advaxis holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Advaxis of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.