Adicet Bio Inc Stock Forecast
Big movements in Adicet Bio Inc stock price on Thursday moving 14.21% between high and low
(Updated on Apr 18, 2024)
The Adicet Bio Inc stock price fell by -10.79% on the last day (Thursday, 18th Apr 2024) from $2.27 to $2.03. During the last trading day the stock fluctuated 14.21% from a day low at $2.01 to a day high of $2.29. The price has fallen in 6 of the last 10 days and is down by -11.18% for this period. Volume has increased on the last day by 169 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, 930 thousand shares were bought and sold for approximately $1.88 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 -24.17% during the next 3 months and, with a 90% probability hold a price between $1.25 and $2.06 at the end of this 3-month period.
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ACET Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 3.85%. Further rise is indicated until a new top pivot has been found. 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 $2.18 and $2.24. A break-up above any of these levels will issue buy signals. 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 Adicet Bio Inc stock
Adicet Bio Inc finds support from accumulated volume at $2.00 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 $0.285 between high and low, or 14.21%. For the last week, the stock has had daily average volatility of 6.41%.
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 Friday 19th
For the upcoming trading day on Friday, 19th we expect Adicet Bio Inc to open at $2.11, and during the day (based on 14 day Average True Range), to move between $1.87 and $2.18, which gives a possible trading interval of +/-$0.156 (+/-7.69%) up or down from last closing price. If Adicet Bio Inc takes out the full calculated possible swing range there will be an estimated 15.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.00 (1.23%) than the resistance at $2.40 (18.52%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.545 Sell Candidate Downgraded
Predicted Opening Price for Adicet Bio Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $2.11 ( 4.03%) | $2.03 |
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 | 2.39 | 18.11 % | |
| R2 | 2.28 | 12.73 % | ||
| R1 | 2.22 | 9.41 % | ||
| Current price: | 2.03 | |||
| Support | S1 | 2.00 | -1.34 % | |
| S2 | 1.93 | -4.66 % | ||
| S3 | 1.82 | -10.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.51 | 23.95 % | |
| R2 | 2.46 | 21.48 % | ||
| R1 | 2.40 | 18.52 % | ||
| Current price | 2.03 | |||
| Support | S1 | 2.00 | -1.23% | |
| S2 | 1.95 | -3.70% | ||
| S3 | 0 | . |
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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