Savara Inc Stock Forecast
Savara Inc stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)
The Savara Inc stock price gained 0.418% on the last trading day (Friday, 19th Apr 2024), rising from $4.79 to $4.81. During the last trading day the stock fluctuated 4.20% from a day low at $4.63 to a day high of $4.83. The price has fallen in 6 of the last 10 days but is still up by 0.63% over the past 2 weeks. Volume fell on the last day by -384 thousand shares and in total, 800 thousand shares were bought and sold for approximately $3.85 million. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Savara Inc stock with a 90% probability to be traded between $4.57 and $5.53 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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SVRA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Savara Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.02 and $4.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -9.93%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Savara Inc stock
Savara Inc finds support from accumulated volume at $4.80 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.195 between high and low, or 4.20%. For the last week, the stock has had daily average volatility of 5.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SVRA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Savara Inc to open at $4.76, and during the day (based on 14 day Average True Range), to move between $4.56 and $5.06, which gives a possible trading interval of +/-$0.252 (+/-5.23%) up or down from last closing price. If Savara Inc takes out the full calculated possible swing range there will be an estimated 10.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.80 (0.21%) than the resistance at $5.00 (3.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Savara Inc stock A Buy?
Savara Inc holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.329 Sell Candidate Downgraded
Predicted Opening Price for Savara Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $4.76 ( 1.14%) | $4.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVRA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.95 | 2.91 % | |
| R2 | 4.88 | 1.36 % | ||
| R1 | 4.83 | 0.405 % | ||
| Current price: | 4.81 | |||
| Support | S1 | 4.68 | -2.69 % | |
| S2 | 4.63 | -3.64 % | ||
| S3 | 4.56 | -5.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.16 | 7.28 % | |
| R2 | 5.05 | 4.99 % | ||
| R1 | 5.00 | 3.95 % | ||
| Current price | 4.81 | |||
| Support | S1 | 4.80 | -0.208% | |
| S2 | 4.79 | -0.416% | ||
| S3 | 4.71 | -2.08% |
FAQ
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