RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Big movements in Tonix Pharmaceuticals stock price on Thursday moving 105.99% between high and low
(Updated on Mar 28, 2024)

Sell candidate since Mar 21, 2024 Loss -46.01% PDF

The Tonix Pharmaceuticals stock price fell by -43.10% on the last day (Thursday, 28th Mar 2024) from $0.327 to $0.186. During the last trading day the stock fluctuated 105.99% from a day low at $0.167 to a day high of $0.344. The price has been going up and down for this period, and there has been a -44.03% loss for the last 2 weeks. Volume has increased on the last day by 20 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 21 million shares were bought and sold for approximately $3.92 million.

The stock has broken the very wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $0.275 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

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TNXP Signals & Forecast

There are few to no technical positive signals at the moment. The Tonix Pharmaceuticals 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 $0.318 and $0.348. 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 15, 2024, and so far it has fallen -51.81%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Tonix Pharmaceuticals stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.177 between high and low, or 105.99%. For the last week, the stock has had daily average volatility of 28.90%.

Tonix Pharmaceuticals is oversold on RSI14 (17). 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 (TNXP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Tonix Pharmaceuticals Holding Corp. to open at $0.232, and during the day (based on 14 day Average True Range), to move between $0.146 and $0.226, which gives a possible trading interval of +/-$0.0395 (+/-21.26%) up or down from last closing price. If Tonix Pharmaceuticals Holding Corp. takes out the full calculated possible swing range there will be an estimated 42.51% move between the lowest and the highest trading price during the day.

Is Tonix Pharmaceuticals Holding Corp. stock A Buy?

Tonix Pharmaceuticals 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.556 Strong Sell Candidate Downgraded

Predicted Opening Price for Tonix Pharmaceuticals Holding Corp. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.232 ( 24.91%) $0.186

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TNXP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.409 120.07 %
R2 0.342 83.72 %
R1 0.300 61.26 %
Current price: 0.186
Support S1 0.165 -11.44 %
S2 0.123 -33.90 %
S3 0.0553 -70.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 0.186
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Tonix Pharmaceuticals Stock and on which exchange is it traded?
The symbol for Tonix Pharmaceuticals is TNXP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Tonix Pharmaceuticals Stock?
Tonix Pharmaceuticals 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy Tonix Pharmaceuticals Stock?
Tonix Pharmaceuticals Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tonix Pharmaceuticals Stock.

What's the current price of Tonix Pharmaceuticals Stock?
As of the end of day on the 2024-03-28, the price of an Tonix Pharmaceuticals (TNXP) share was $0.186.

What is the 52-week high and low for Tonix Pharmaceuticals Stock?
The 52-week high for Tonix Pharmaceuticals Stock is $2.24 and the 52-week low is $0.167.

What is the market capitalization of Tonix Pharmaceuticals Stock?
As of the 2024-03-28, the market capitalization of Tonix Pharmaceuticals is 27.073M.

When is the next earnings date for Tonix Pharmaceuticals?
The upcoming earnings date for Tonix Pharmaceuticals is Apr 01, 2024.
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About Tonix Pharmaceuticals Holding Corp.

Tonix Pharmaceuticals Tonix Pharmaceuticals Holding Corp., a clinical-stage biopharmaceutical company, focuses on discovering, acquiring, developing, and licensing therapeutics and diagnostics to treat and prevent human disease and alleviate suffering. Its portfolio includes immunology, rare disease, infectious disease, and central nervous system (CNS) product candidates. The company's immunology portfolio includes biologics to address organ transplant rejection, auto... TNXP Profile

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