Fate Therapeutics Stock Forecast
Red day on Thursday for Fate Therapeutics stock after losing 4.36%
(Updated on Apr 18, 2024)
The Fate Therapeutics stock price fell by -4.36% on the last day (Thursday, 18th Apr 2024) from $5.27 to $5.04. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 7.33% from a day low at $4.98 to a day high of $5.35. The price has fallen in 9 of the last 10 days and is down by -27.69% for this period. Volume has increased on the last day by 248 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $11.74 million.
Given the current short-term trend, the stock is expected to rise 13.13% during the next 3 months and, with a 90% probability hold a price between $5.70 and $9.99 at the end of this 3-month period.
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FATE Signals & Forecast
There are few to no technical positive signals at the moment. The Fate Therapeutics 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 $5.62 and $6.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -39.64%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Fate Therapeutics stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.72 and $4.56. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fate Therapeutics finds support just below today's level at $4.72. If this is broken, then the next support from accumulated volume will be at $4.56 and $4.53.
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 $0.365 between high and low, or 7.33%. For the last week, the stock has had daily average volatility of 7.72%.
Fate Therapeutics is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FATE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Fate Therapeutics to open at $5.12, and during the day (based on 14 day Average True Range), to move between $4.54 and $5.54, which gives a possible trading interval of +/-$0.505 (+/-10.01%) up or down from last closing price. If Fate Therapeutics takes out the full calculated possible swing range there will be an estimated 20.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.72 (6.35%) than the resistance at $5.72 (13.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fate Therapeutics stock A Buy?
The Fate Therapeutics stock holds several negative signals and despite the positive trend, we believe Fate Therapeutics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.753 Sell Candidate Unchanged
Predicted Opening Price for Fate Therapeutics of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $5.12 ( 1.62%) | $5.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FATE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.49 | 8.86 % | |
| R2 | 5.35 | 6.10 % | ||
| R1 | 5.26 | 4.39 % | ||
| Current price: | 5.04 | |||
| Support | S1 | 4.98 | -1.15 % | |
| S2 | 4.90 | -2.86 % | ||
| S3 | 4.76 | -5.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.16 | 22.22 % | |
| R2 | 5.74 | 13.89 % | ||
| R1 | 5.72 | 13.49 % | ||
| Current price | 5.04 | |||
| Support | S1 | 4.72 | -6.35% | |
| S2 | 4.56 | -9.52% | ||
| S3 | 4.53 | -10.12% |
FAQ
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