Clearside BioMedical, Inc Stock Forecast

Clearside BioMedical, Inc stock price fell more than -5.97% Thursday closing at $1.26
(Updated on Apr 25, 2024)

CLSD Signals & Forecast

There are mixed signals in the stock today. The Clearside BioMedical, 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 $1.32 and $1.49. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.57%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Clearside BioMedical, Inc stock

Clearside BioMedical, Inc finds support from accumulated volume at $1.25 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 6.35%. For the last week the stock has had daily average volatility of 11.06%.

Our recommended stop-loss: $1.21 (-4.06%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (CLSD) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Clearside BioMedical, Inc to open at $1.29, and during the day (based on 14 day Average True Range), to move between $1.11 and $1.41, which gives a possible trading interval of +/-$0.147 (+/-11.67%) up or down from last closing price. If Clearside BioMedical, Inc takes out the full calculated possible swing range there will be an estimated 23.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.25 (0.79%) than the resistance at $1.29 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Clearside BioMedical, Inc stock A Buy?

Clearside BioMedical, Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.559 Hold/Accumulate Unchanged

Predicted Opening Price for Clearside BioMedical, Inc of Friday, April 26, 2024

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