ImmunoCellular Therapeutics Ltd Stock Forecast
ImmunoCellular Therapeutics Ltd stock price down 0% on Tuesday
(Updated on Apr 23, 2024)
No changes to the price of ImmunoCellular Therapeutics Ltd stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.198 to a day high of $0.198. The price has risen in 4 of the last 10 days but is still down by -9.59% for this period.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.205 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -51.78% during the next 3 months and, with a 90% probability hold a price between $0.0235 and $0.0990 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.
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IMUC Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ImmunoCellular Therapeutics Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.204. On a fall, the stock will find some support from the short-term average at $0.180. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ImmunoCellular Therapeutics Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.183 and $0.152. 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, ImmunoCellular Therapeutics Ltd finds support just below today's level at $0.183. If this is broken, then the next support from accumulated volume will be at $0.152 and $0.152.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 12.81%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IMUC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect ImmunoCellular Therapeutics Ltd to open at $0.198, and during the day (based on 14 day Average True Range), to move between $0.152 and $0.244, which gives a possible trading interval of +/-$0.0461 (+/-23.31%) up or down from last closing price. If ImmunoCellular Therapeutics Ltd takes out the full calculated possible swing range there will be an estimated 46.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.183 (7.53%) than the resistance at $0.219 (10.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ImmunoCellular Therapeutics Ltd stock A Buy?
ImmunoCellular Therapeutics Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.409 Sell Candidate Unchanged
Predicted Opening Price for ImmunoCellular Therapeutics Ltd of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.198 ( 0%) | $0.198 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMUC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.198 | . | |
| R2 | 0.198 | . | ||
| R1 | 0.198 | . | ||
| Current price: | 0.198 | |||
| Support | S1 | 0.198 | . | |
| S2 | 0.198 | . | ||
| S3 | 0.198 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.240 | 21.27 % | |
| R2 | 0.230 | 16.22 % | ||
| R1 | 0.219 | 10.61 % | ||
| Current price | 0.198 | |||
| Support | S1 | 0.183 | -7.53% | |
| S2 | 0.152 | -23.19% | ||
| S3 | 0.152 | -23.31% |
FAQ
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