Yield10 Bioscience Inc Stock Forecast
Yield10 Bioscience Inc stock price ended at $0.239 on Thursday, after gaining 1.92%.
(Updated on Apr 25, 2024)
The Yield10 Bioscience Inc stock price gained 1.92% on the last trading day (Thursday, 25th Apr 2024), rising from $0.235 to $0.239. During the last trading day the stock fluctuated 6.81% from a day low at $0.228 to a day high of $0.243. The price has fallen in 7 of the last 10 days and is down by -25.31% for this period. Volume fell on the last day by -822 thousand shares and in total, 272 thousand shares were bought and sold for approximately $65.06 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 $0.235 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 13.43% during the next 3 months and, with a 90% probability hold a price between $0.266 and $0.517 at the end of this 3-month period.
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YTEN Signals & Forecast
There are few to no technical positive signals at the moment. The Yield10 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 $0.257 and $0.301. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -38.26%. 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 Yield10 Bioscience Inc stock
Yield10 Bioscience Inc finds support from accumulated volume at $0.237 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 $0.0155 between high and low, or 6.81%. For the last week the stock has had daily average volatility of 13.48%.
Yield10 Bioscience Inc is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YTEN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Yield10 Bioscience Inc to open at $0.237, and during the day (based on 14 day Average True Range), to move between $0.187 and $0.291, which gives a possible trading interval of +/-$0.0516 (+/-21.58%) up or down from last closing price. If Yield10 Bioscience Inc takes out the full calculated possible swing range there will be an estimated 43.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.237 (1.05%) than the resistance at $0.259 (8.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yield10 Bioscience Inc stock A Buy?
The Yield10 Bioscience Inc stock holds several negative signals and despite the positive trend, we believe Yield10 Bioscience Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.316 Sell Candidate Unchanged
Predicted Opening Price for Yield10 Bioscience Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.237 ( 1.05%) | $0.239 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YTEN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.252 | 5.44 % | |
| R2 | 0.246 | 2.96 % | ||
| R1 | 0.242 | 1.43 % | ||
| Current price: | 0.239 | |||
| Support | S1 | 0.231 | -3.52 % | |
| S2 | 0.227 | -5.05 % | ||
| S3 | 0.221 | -7.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.283 | 18.37 % | |
| R2 | 0.265 | 10.88 % | ||
| R1 | 0.259 | 8.28 % | ||
| Current price | 0.239 | |||
| Support | S1 | 0.237 | -1.05% | |
| S2 | 0.235 | -1.88% | ||
| S3 | 0.220 | -7.95% |
FAQ
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