Altimmune, Inc. Stock Forecast
Stronger technical forecast for Altimmune, Inc. stock price after Friday trading.
(Updated on Apr 19, 2024)
The Altimmune, Inc. stock price gained 0.290% on the last trading day (Friday, 19th Apr 2024), rising from $6.89 to $6.91. During the last trading day the stock fluctuated 5.57% from a day low at $6.64 to a day high of $7.01. The price has fallen in 8 of the last 10 days and is down by -23.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 352 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $24.55 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.86 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.19% during the next 3 months and, with a 90% probability hold a price between $5.95 and $10.99 at the end of this 3-month period.
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ALT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.290%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Altimmune, 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 $7.47 and $9.24. 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).
Support, Risk & Stop-loss for Altimmune, Inc. stock
Altimmune, Inc. finds support from accumulated volume at $6.89 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.370 between high and low, or 5.57%. For the last week, the stock has had daily average volatility of 7.07%.
Altimmune, Inc. is oversold on RSI14 (13). 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 (ALT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Altimmune, Inc. to open at $6.85, and during the day (based on 14 day Average True Range), to move between $6.18 and $7.64, which gives a possible trading interval of +/-$0.726 (+/-10.51%) up or down from last closing price. If Altimmune, Inc. takes out the full calculated possible swing range there will be an estimated 21.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.89 (0.29%) than the resistance at $7.04 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Altimmune, Inc. stock A Buy?
Altimmune, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.850 Sell Candidate Upgraded
Predicted Opening Price for Altimmune, Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $6.85 ( 0.82%) | $6.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.22 | 4.53 % | |
| R2 | 7.08 | 2.49 % | ||
| R1 | 6.99 | 1.23 % | ||
| Current price: | 6.91 | |||
| Support | S1 | 6.71 | -2.87 % | |
| S2 | 6.62 | -4.13 % | ||
| S3 | 6.48 | -6.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.46 | 22.43 % | |
| R2 | 8.40 | 21.56 % | ||
| R1 | 7.04 | 1.88 % | ||
| Current price | 6.91 | |||
| Support | S1 | 6.89 | -0.289% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ALT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 20, 2017 | Jan 20, 2017 | Sep 14, 2018 | $873.01 | 16,018.53% |
FAQ
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