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$7.04 (-0.28%)

Volume: 42k

Closed: September 16, 2021

Score: -3.119
Weaker Stock
Today ACET ranks #15483 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

Adicet Bio Inc Stock Forecast

$7.04 (-0.28%)

Volume: 42k

Closed: September 16, 2021

Score -3.119
Which way will ACET go? Request
Key Stats
Beta 1.16
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 36 and the stock is currently not being overbought or oversold

High volatility in Adicet Bio Inc stock price on Thursday which ended trading at $7.04
(Updated on September 16, 2021)


Sell candidate since 2021-09-14 Loss -2.76%

The Adicet Bio Inc stock price fell by -0.28% on the last day (Thursday, 16th Sep 2021) from $7.06 to $7.04. and has now fallen 7 days in a row. During the day the stock fluctuated 10.07% from a day low at $6.95 to a day high of $7.65. The price has fallen in 8 of the last 10 days and is down by -15.08% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 42 thousand shares were bought and sold for approximately $298.50 thousand.

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. Given the current short-term trend, the stock is expected to fall -25.85% during the next 3 months and, with a 90% probability hold a price between $4.04 and $5.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 11.92%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Adicet Bio Inc 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 $7.46 and $7.41. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

Adicet Bio Inc finds support from accumulated volume at $7.00 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.70 between high and low, or 10.07%. For the last week the stock has had a daily average volatility of 6.93%.

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

Is Adicet Bio Inc stock A Buy?

Adicet Bio Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.119

Predicted Opening Price for Adicet Bio Inc of Friday, September 17, 2021

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

Fair opening price September 17, 2021 Current price
$7.21 $7.04 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On August 24, 2021 "Jonestrading" gave "$33.00" rating for ACET. The price target was set to $7.25+4.8%.

Volatility and Risk
Daily Average Volatility: 6.93 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.93 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $7.27
Price: $7.04
Support: $7.00

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.91 12.40 %
7.65 8.61 %
7.48 6.26 %
Current price: 7.04
Support 6.95 -1.34 %
6.78 -3.68 %
6.51 -7.48 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.02 13.92 %
7.49 6.39 %
7.27 3.27 %
Current price 7.04
Support 7.00 -0.57%
6.92 -1.70%
6.73 -4.40%

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About Adicet Bio Inc

Aceto Corporation, together with its subsidiaries, sources, markets, sells, and distributes finished dosage form generics, nutraceutical products, pharmaceutical intermediates and active ingredients, agricultural protection products, and specialty chemicals. The company operates in three segments: Human Health, Pharmaceutical Ingredients, and Performance Chemicals. The Human Health segment supplies raw materials used in the production of nutritio... Read more

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