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Adicet Bio Inc Stock Forecast


$14.01 (-8.67%)

Volume: 741.935k

Closed: Aug 16, 2022

Hollow Logo Score: -3.188

Adicet Bio Inc Stock Forecast

$14.01 (-8.67%)

Volume: 741.935k

Closed: Aug 16, 2022

Score Hollow Logo -3.188
Which way will ACET go? Request
Tue, Aug 16, 2022 Sell Candidate
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 30 and the stock is currently not being overbought or oversold
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High volatility in Adicet Bio Inc stock price on Tuesday which ended trading at $14.01
(Updated on Aug 16, 2022)

Sell candidate since 2022-08-11 Loss -10.59% PDF

The Adicet Bio Inc stock price fell by -8.67% on the last day (Tuesday, 16th Aug 2022) from $15.34 to $14.01. and has now fallen 8 days in a row. During the last trading day the stock fluctuated 11.41% from a day low at $13.76 to a day high of $15.33. The price has fallen in 7 of the last 10 days and is down by -18.59% for this period. Volume has increased on the last day by 370 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, 742 thousand shares were bought and sold for approximately $10.39 million.

Given the current short-term trend, the stock is expected to rise 67.14% during the next 3 months and, with a 90% probability hold a price between $23.42 and $32.81 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Adicet Bio Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.05 and $16.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, August 05, 2022, and so far it has fallen -25.24%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $13.21 and $12.26. There is 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, Adicet Bio Inc finds support just below today's level at $13.21. If this is broken, then the next support from accumulated volume will be at $12.26 and $11.75.

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 $1.57 between high and low, or 11.41%. For the last week, the stock has had a daily average volatility of 8.84%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Wednesday 17th

For the upcoming trading day on Wednesday 17th we expect Adicet Bio Inc to open at $14.37, and during day (based on 14 day Average True Range), to move between $12.85 and $15.17, which gives a possible trading interval of +/-$1.16 (+/-8.26%) up or down from last closing price. If Adicet Bio Inc takes out the full calculated possible swing range there will be an estimated 16.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.21 (5.71%) than the resistance at $16.68 (19.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Adicet Bio Inc stock A Buy?

The Adicet Bio Inc stock holds several negative signals and despite the positive trend, we believe Adicet Bio Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.188

Sell Candidate Upgraded

Predicted Opening Price for Adicet Bio Inc of Wednesday, August 17, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price August 17, 2022 Current price
$14.37 $14.01 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 15.94 13.75 %
15.34 9.47 %
14.97 6.83 %
Current price: 14.01
Support 13.77 -1.73 %
13.40 -4.38 %
12.80 -8.66 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 17.11 22.13 %
16.74 19.49 %
16.68 19.06 %
Current price 14.01
Support 13.21 -5.71%
12.26 -12.49%
11.75 -16.13%

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About Adicet Bio Inc

Adicet Bio Adicet Bio, Inc., a biotechnology company, discovers and develops allogeneic gamma delta T cell therapies for cancer and other diseases. The company offers gamma delta T cells engineered with chimeric antigen receptors and T cell receptor-like antibodies to enhance selective tumor targeting, facilitate innate and adaptive anti-tumor immune response, and enhance persistence for durable activity in patients. Its lead product in pipeline includes AD... Read more


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