Daré Bioscience, Inc. Stock Forecast
A very strong day for Daré Bioscience, Inc. stock price on Monday
(Updated on Apr 22, 2024)
The Daré Bioscience, Inc. stock price gained 5.46% on the last trading day (Monday, 22nd Apr 2024), rising from $0.280 to $0.295. During the last trading day the stock fluctuated 6.79% from a day low at $0.280 to a day high of $0.299. The price has risen in 6 of the last 10 days but is still down by -40.86% for this period. Volume fell on the last day by -402 thousand shares and in total, 152 thousand shares were bought and sold for approximately $44.76 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.282 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.90% during the next 3 months and, with a 90% probability hold a price between $0.349 and $0.80 at the end of this 3-month period.
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DARE Signals & Forecast
There are few to no technical positive signals at the moment. The Daré Bioscience, 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 $0.370 and $0.470. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -48.55%. 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 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 Daré Bioscience, Inc. stock
Daré Bioscience, Inc. finds support from accumulated volume at $0.295 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0190 between high and low, or 6.79%. For the last week the stock has had daily average volatility of 19.55%.
Daré Bioscience, Inc. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DARE) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Daré Bioscience, Inc. to open at $0.291, and during the day (based on 14 day Average True Range), to move between $0.252 and $0.338, which gives a possible trading interval of +/-$0.0430 (+/-14.58%) up or down from last closing price. If Daré Bioscience, Inc. takes out the full calculated possible swing range there will be an estimated 29.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.295 (0.07%) than the resistance at $0.320 (8.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daré Bioscience, Inc. stock A Buy?
The Daré Bioscience, Inc. stock holds several negative signals and despite the positive trend, we believe Daré Bioscience, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -5.331 Strong Sell Candidate Unchanged
Predicted Opening Price for Daré Bioscience, Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.291 ( 1.31%) | $0.295 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DARE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.310 | 5.12 % | |
| R2 | 0.303 | 2.67 % | ||
| R1 | 0.299 | 1.15 % | ||
| Current price: | 0.295 | |||
| Support | S1 | 0.284 | -3.77 % | |
| S2 | 0.280 | -5.29 % | ||
| S3 | 0.272 | -7.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.335 | 13.38 % | |
| R2 | 0.329 | 11.31 % | ||
| R1 | 0.320 | 8.36 % | ||
| Current price | 0.295 | |||
| Support | S1 | 0.295 | -0.0677% | |
| S2 | 0.283 | -4.27% | ||
| S3 | 0.280 | -5.18% |
FAQ
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