Geron Corporation Stock Forecast
Geron Corporation stock price ended at $3.73 on Monday, after gaining 1.08%.
(Updated on Apr 22, 2024)
The Geron Corporation stock price gained 1.08% on the last trading day (Monday, 22nd Apr 2024), rising from $3.69 to $3.73. During the last trading day the stock fluctuated 5.26% from a day low at $3.61 to a day high of $3.80. The price has risen in 7 of the last 10 days and is up by 12.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 51 thousand more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $30.43 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $4.00 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 105.43% during the next 3 months and, with a 90% probability hold a price between $5.36 and $8.22 at the end of this 3-month period.
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GERN Signals & Forecast
The Geron Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.64 and $3.05. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, April 11, 2024, and so far it has fallen -1.06%. 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).
Support, Risk & Stop-loss for Geron Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.44 and $3.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Geron Corporation finds support just below today's level at $3.44. If this is broken, then the next support from accumulated volume will be at $3.36 and $3.26.
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 $0.190 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 5.94%.
Our recommended stop-loss: $3.59 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (GERN) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Geron Corporation to open at $3.71, and during the day (based on 14 day Average True Range), to move between $3.49 and $3.97, which gives a possible trading interval of +/-$0.244 (+/-6.54%) up or down from last closing price. If Geron Corporation takes out the full calculated possible swing range there will be an estimated 13.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.77 (1.07%) than the support at $3.44 (7.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Geron Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Geron Corporation stock to perform well in the short-term.
Current score: 2.621 Buy Candidate Unchanged
Predicted Opening Price for Geron Corporation of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$3.71 ( 0.449%) | $3.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GERN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.90 | 4.64 % | |
R2 | 3.83 | 2.70 % | ||
R1 | 3.79 | 1.50 % | ||
Current price: | 3.73 | |||
Support | S1 | 3.64 | -2.39 % | |
S2 | 3.60 | -3.59 % | ||
S3 | 3.52 | -5.54 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 3.77 | 1.07 % | ||
Current price | 3.73 | |||
Support | S1 | 3.44 | -7.77% | |
S2 | 3.36 | -9.92% | ||
S3 | 3.26 | -12.60% |
FAQ
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