Catalyst Biosciences Stock Forecast
Catalyst Biosciences stock price down 0% on Thursday
(Updated on Dec 14, 2023)
No changes to the price of Catalyst Biosciences stock on the last trading day (Thursday, 14th Dec 2023). During the last trading day the stock fluctuated 0% from a day low at $0.511 to a day high of $0.511. The price has been going up and down for this period, and there has been a 0% change for the last 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 8.27% during the next 3 months and, with a 90% probability hold a price between $0.399 and $0.643 at the end of this 3-month period.
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CBIO Signals & Forecast
There are mixed signals in the stock today. The Catalyst Biosciences 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 $0.511 and $0.512. A break-up above any of these levels will issue buy signals. 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 was issued from a pivot bottom point on Monday, October 30, 2023, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Catalyst Biosciences stock
Catalyst Biosciences finds support from accumulated volume at $0.500 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.481 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (CBIO) For The Upcoming Trading Day Of Friday 15th
For the upcoming trading day on Friday, 15th we expect Catalyst Biosciences to open at $0.511, and during the day (based on 14 day Average True Range), to move between $0.506 and $0.517, which gives a possible trading interval of +/-$0.0057 (+/-1.12%) up or down from last closing price. If Catalyst Biosciences takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.500 (2.21%) than the resistance at $0.530 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Catalyst Biosciences stock A Buy?
Catalyst Biosciences 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Catalyst Biosciences of Friday, December 15, 2023
Fair opening price December 15, 2023 | Current price |
---|---|
$0.511 ( 0%) | $0.511 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBIO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.511 | . | |
R2 | 0.511 | . | ||
R1 | 0.511 | . | ||
Current price: | 0.511 | |||
Support | S1 | 0.511 | . | |
S2 | 0.511 | . | ||
S3 | 0.511 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.550 | 7.57 % | |
R2 | 0.539 | 5.42 % | ||
R1 | 0.530 | 3.66 % | ||
Current price | 0.511 | |||
Support | S1 | 0.500 | -2.21% | |
S2 | 0.431 | -15.67% | ||
S3 | 0.420 | -17.86% |
CBIO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 04, 2023 | Jan 13, 2023 | Jan 12, 2023 | $0.240 | 38.10% |
2 | Aug 25, 2022 | Sep 21, 2022 | Sep 20, 2022 | $1.43 | 73.71% |
3 | Aug 04, 2015 | Aug 20, 2015 | Aug 19, 2015 | $59.74 | 25.75% |
FAQ
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