Arcellx, Inc. Stock Forecast
Red day on Friday for Arcellx, Inc. stock after losing 1.13%
(Updated on May 03, 2024)
The Arcellx, Inc. stock price fell by -1.13% on the last day (Friday, 3rd May 2024) from $53.29 to $52.69. During the last trading day the stock fluctuated 6.40% from a day low at $52.37 to a day high of $55.72. The price has been going up and down for this period, and there has been a 2.01% gain for the last 2 weeks. Volume has increased on the last day by 105 thousand 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, 387 thousand shares were bought and sold for approximately $20.40 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $49.35 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.13% during the next 3 months and, with a 90% probability hold a price between $40.90 and $55.19 at the end of this 3-month period.
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ACLX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 5.34%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arcellx, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $60.53. On a fall, the stock will find some support from the short-term average at $51.80. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Arcellx, Inc. stock
Arcellx, Inc. finds support from accumulated volume at $52.18 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.35 between high and low, or 6.40%. For the last week, the stock has had daily average volatility of 5.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACLX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Arcellx, Inc. to open at $53.59, and during the day (based on 14 day Average True Range), to move between $49.98 and $55.40, which gives a possible trading interval of +/-$2.71 (+/-5.14%) up or down from last closing price. If Arcellx, Inc. takes out the full calculated possible swing range there will be an estimated 10.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.18 (0.97%) than the resistance at $54.50 (3.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arcellx, Inc. stock A Buy?
Arcellx, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.348 Sell Candidate Unchanged
Predicted Opening Price for Arcellx, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $53.59 ( 1.71%) | $52.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACLX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.94 | 8.07 % | |
| R2 | 55.66 | 5.64 % | ||
| R1 | 54.87 | 4.14 % | ||
| Current price: | 52.69 | |||
| Support | S1 | 52.31 | -0.714 % | |
| S2 | 51.52 | -2.21 % | ||
| S3 | 50.24 | -4.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.82 | 24.92 % | |
| R2 | 62.01 | 17.69 % | ||
| R1 | 54.50 | 3.44 % | ||
| Current price | 52.69 | |||
| Support | S1 | 52.18 | -0.97% | |
| S2 | 51.65 | -1.97% | ||
| S3 | 50.02 | -5.07% |
FAQ
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