Advaxis Stock Forecast
Advaxis stock price up 0.351% on Friday
(Updated on Apr 19, 2024)
The Advaxis stock price gained 0.351% on the last trading day (Friday, 19th Apr 2024), rising from $0.570 to $0.572. During the last trading day the stock fluctuated 4.90% from a day low at $0.572 to a day high of $0.600. The price has risen in 5 of the last 10 days but is still down by -5.77% for this period. Volume fell on the last day by -7 thousand shares and in total, 2 thousand shares were bought and sold for approximately $1.41 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -10.43% during the next 3 months and, with a 90% probability hold a price between $0.351 and $1.07 at the end of this 3-month period.
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ADXS 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 Advaxis 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 $0.621 and $0.666. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 06, 2024, and so far it has fallen -56.34%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 $0.570 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0280 between high and low, or 4.90%. For the last week the stock has had daily average volatility of 9.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADXS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Advaxis to open at $0.581, and during the day (based on 14 day Average True Range), to move between $0.501 and $0.643, which gives a possible trading interval of +/-$0.0708 (+/-12.37%) up or down from last closing price. If Advaxis takes out the full calculated possible swing range there will be an estimated 24.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.570 (0.35%) than the resistance at $0.600 (4.90%), 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 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.
Current score: -6.034 Strong Sell Candidate Unchanged
Predicted Opening Price for Advaxis of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.581 ( 1.63%) | $0.572 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADXS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.609 | 6.53 % | |
| R2 | 0.599 | 4.66 % | ||
| R1 | 0.592 | 3.50 % | ||
| Current price: | 0.572 | |||
| Support | S1 | 0.571 | -0.238 % | |
| S2 | 0.564 | -1.39 % | ||
| S3 | 0.553 | -3.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.700 | 22.38 % | |
| R2 | 0.670 | 17.13 % | ||
| R1 | 0.600 | 4.90 % | ||
| Current price | 0.572 | |||
| Support | S1 | 0.570 | -0.350% | |
| S2 | 0.549 | -3.94% | ||
| S3 | 0.520 | -9.09% |
FAQ
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