Volatile ride for NuCana plc stock price on Tuesday moving between $0.112 and $0.188

StockInvest.us, 1 month ago

NuCana plc

The NuCana plc stock price gained 88.32% on the last trading day (Tuesday, 10th Jun 2025), rising from $0.0762 to $0.144. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 67.86% from a day low at $0.112 to a day high of $0.188. The price has been going up and down for this period, and there has been a 267.95% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 billion more shares were traded than the day before. In total, 2 billion shares were bought and sold for approximately $330.49 million.

On Aug 29, 2024, it was reported that William Blair gave NCNA a "Market Perform" grade with a "downgrade" action.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Due to the high volatility and the trend direction we are not able to give forecast range for this stock.

NuCana plc

A buy signal was issued from a pivot bottom point on Tuesday, May 13, 2025, and so far it has risen 336.17%. 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). 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. The NuCana plc 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 $0.243. On a fall, the stock will find some support from the short-term average at $0.0647. 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.

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 may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0760 between high and low, or 67.86%. For the last week, the stock has had daily average volatility of 47.83%.

NuCana plc 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.

Check full NuCana plc forecast and analysis here.