Volatile ride for Tonix Pharmaceuticals stock price on Monday moving between $0.180 and $0.255
StockInvest.us, 1 week ago
The Tonix Pharmaceuticals stock price fell by -54.47% on the last day (Monday, 3rd Feb 2025) from $0.428 to $0.195. During the last trading day the stock fluctuated 41.67% from a day low at $0.180 to a day high of $0.255. The price has risen in 7 of the last 10 days but is still down by -17.24% for this period. Volume has increased on the last day by 245 million 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, 315 million shares were bought and sold for approximately $61.47 million.
On Jul 22, 2024, it was reported that Alliance Global Partners gave TNXP a "Buy" grade with a "hold" action.
Given the current short-term trend, the stock is expected to rise 51.47% during the next 3 months and, with a 90% probability hold a price between $0.295 and $1.09 at the end of this 3-month period.
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 Tonix Pharmaceuticals stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.383 and $0.337. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, December 20, 2024, and so far it has fallen -68.13%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Tonix Pharmaceuticals finds support from accumulated volume at $0.192 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 $0.0750 between high and low, or 41.67%. For the last week, the stock has had daily average volatility of 36.06%.
The Tonix Pharmaceuticals stock holds several negative signals and despite the positive trend, we believe Tonix Pharmaceuticals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Check full Tonix Pharmaceuticals forecast and analysis here.