Pulmatrix Stock Forecast
Evaluation of Pulmatrix stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
No changes to the price of Pulmatrix stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 1.58% from a day low at $2.02 to a day high of $2.05. The price has risen in 6 of the last 10 days and is up by 6.32% over the past 2 weeks.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.62% during the next 3 months and, with a 90% probability hold a price between $1.84 and $2.40 at the end of this 3-month period.
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PULM Signals & Forecast
The Pulmatrix stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.03. On a fall, the stock will find some support from the long-term average at approximately $1.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -6.48%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Pulmatrix stock
Pulmatrix finds support from accumulated volume at $2.01 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 $0.0319 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: $1.91 (-5.39%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (PULM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Pulmatrix to open at $2.03, and during the day (based on 14 day Average True Range), to move between $1.90 and $2.14, which gives a possible trading interval of +/-$0.120 (+/-5.93%) up or down from last closing price. If Pulmatrix takes out the full calculated possible swing range there will be an estimated 11.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.01 (0.55%) than the resistance at $2.05 (1.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pulmatrix stock A Buy?
Pulmatrix holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.734 Hold/Accumulate Downgraded
Predicted Opening Price for Pulmatrix of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$2.03 ( 0.526%) | $2.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PULM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.06 | 2.11 % | |
R2 | 2.05 | 1.50 % | ||
R1 | 2.04 | 1.13 % | ||
Current price: | 2.02 | |||
Support | S1 | 2.02 | -0.0769 % | |
S2 | 2.01 | -0.450 % | ||
S3 | 2.00 | -1.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.16 | 6.93 % | |
R2 | 2.10 | 3.96 % | ||
R1 | 2.05 | 1.48 % | ||
Current price | 2.02 | |||
Support | S1 | 2.01 | -0.549% | |
S2 | 1.95 | -3.47% | ||
S3 | 1.78 | -11.89% |
FAQ
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