ImmuCell Corporation Stock Forecast
ImmuCell Corporation stock price ended at $5.05 on Wednesday, after losing 0%.
(Updated on Apr 17, 2024)
No changes to the price of ImmuCell Corporation stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 1.00% from a day low at $5.02 to a day high of $5.07. The price has fallen in 6 of the last 10 days and is down by -2.79% for this period.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ImmuCell Corporation stock with a 90% probability to be traded between $4.88 and $5.37 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ICCC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.598%. 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 ImmuCell Corporation 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 $5.11 and $5.18. 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 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.
A buy signal from a double bottom formation was found on Tuesday, March 19, 2024 and based on theory for this formation the price should go up by 15.29% to $5.82 within 19 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for ImmuCell Corporation stock
ImmuCell Corporation finds support from accumulated volume at $5.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0500 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 2.10%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICCC) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect ImmuCell Corporation to open at $5.05, and during the day (based on 14 day Average True Range), to move between $4.89 and $5.21, which gives a possible trading interval of +/-$0.164 (+/-3.26%) up or down from last closing price. If ImmuCell Corporation takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.07 (0.40%) than the support at $5.02 (0.59%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ImmuCell Corporation stock A Buy?
ImmuCell Corporation holds several negative signals and is within a 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: -1.652 Sell Candidate Unchanged
Predicted Opening Price for ImmuCell Corporation of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $5.05 ( 0.0660%) | $5.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICCC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.10 | 0.92 % | |
| R2 | 5.08 | 0.546 % | ||
| R1 | 5.07 | 0.312 % | ||
| Current price: | 5.05 | |||
| Support | S1 | 5.03 | -0.444 % | |
| S2 | 5.02 | -0.678 % | ||
| S3 | 5.00 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.20 | 2.97 % | |
| R2 | 5.17 | 2.38 % | ||
| R1 | 5.07 | 0.396 % | ||
| Current price | 5.05 | |||
| Support | S1 | 5.02 | -0.594% | |
| S2 | 4.99 | -1.19% | ||
| S3 | 4.98 | -1.39% |
FAQ
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