Volatile ride for Tempest Therapeutics Inc. stock price on Tuesday moving between $6.06 and $9.00

The Tempest Therapeutics Inc. stock price gained 6.38% on the last trading day (Tuesday, 17th Oct 2023), rising from $6.74 to $7.17. During the last trading day the stock fluctuated 48.51% from a day low at $6.06 to a day high of $9.00. The price has fallen in 6 of the last 10 days but is still up by 2290.8% over the past 2 weeks. Volume fell on the last day by -66 million shares and in total, 65 million shares were bought and sold for approximately $467.41 million. 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.

On May 13, 2022, it was reported that Piper Sandler gave TPST a "Overweight" grade with a "hold" action.

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 $7.24 will firstly indicate a stronger rate of rising.Due to the high volatility and the trend direction we are not able to give forecast range for this stock.

Mostly positive signals in the chart today. The Tempest Therapeutics Inc. 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 $4.16 and $1.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, October 13, 2023, and so far it has risen 96.98%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Tempest Therapeutics Inc. finds support from accumulated volume at $7.15 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 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 $2.94 between high and low, or 48.51%. For the last week, the stock has had daily average volatility of 121.94%.

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 Tempest Therapeutics Inc. stock to perform well in the short-term.