Adicet Bio Inc Stock Forecast
Evaluation of Adicet Bio Inc stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The Adicet Bio Inc stock price fell by -3.70% on the last day (Friday, 19th Apr 2024) from $2.03 to $1.95. During the last trading day the stock fluctuated 7.11% from a day low at $1.90 to a day high of $2.04. The price has fallen in 6 of the last 10 days and is down by -13.33% 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 -202 thousand shares and in total, 728 thousand shares were bought and sold for approximately $1.42 million.
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 -25.71% during the next 3 months and, with a 90% probability hold a price between $1.20 and $1.97 at the end of this 3-month period.
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ACET 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 $2.15 and $2.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -18.75%. 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 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 for Adicet Bio Inc stock
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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.135 between high and low, or 7.11%. For the last week the stock has had daily average volatility of 7.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACET) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Adicet Bio Inc to open at $1.96, and during the day (based on 14 day Average True Range), to move between $1.80 and $2.10, which gives a possible trading interval of +/-$0.154 (+/-7.92%) up or down from last closing price. If Adicet Bio Inc takes out the full calculated possible swing range there will be an estimated 15.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.00, some $0.0500 (2.56%) from the current price of $1.95, our system finds the risk reward not very attractive.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.836 Strong Sell Candidate Downgraded
Predicted Opening Price for Adicet Bio Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.96 ( 0.598%) | $1.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACET
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.10 | 7.52 % | |
| R2 | 2.05 | 4.88 % | ||
| R1 | 2.01 | 3.24 % | ||
| Current price: | 1.95 | |||
| Support | S1 | 1.91 | -2.05 % | |
| S2 | 1.88 | -3.68 % | ||
| S3 | 1.83 | -6.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.40 | 23.08 % | |
| R2 | 2.39 | 22.56 % | ||
| R1 | 2.00 | 2.56 % | ||
| Current price | 1.95 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ACET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 12, 2018 | Sep 21, 2018 | Oct 09, 2018 | $0.0100 | 0.0115% |
| 2 | May 03, 2018 | Jun 07, 2018 | Jun 22, 2018 | $0.0100 | 0.0145% |
| 3 | Feb 01, 2018 | Mar 08, 2018 | Mar 23, 2018 | $0.0650 | 0.0788% |
| 4 | Dec 07, 2017 | Dec 15, 2017 | Dec 28, 2017 | $0.0650 | 0% |
| 5 | Aug 24, 2017 | Sep 07, 2017 | Sep 21, 2017 | $0.0650 | 0% |
FAQ
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