AC Immune SA Stock Forecast
AC Immune SA stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The AC Immune SA stock price fell by -2.76% on the last day (Tuesday, 2nd Jul 2024) from $3.98 to $3.87. During the last trading day the stock fluctuated 6.56% from a day low at $3.81 to a day high of $4.06. The price has fallen in 6 of the last 10 days and is down by -5.15% for this period. Volume has increased on the last day by 62 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, 166 thousand shares were bought and sold for approximately $641.99 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.64 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 74.92% during the next 3 months and, with a 90% probability hold a price between $6.37 and $9.65 at the end of this 3-month period.
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ACIU Signals & Forecast
There are few to no technical positive signals at the moment. The AC Immune SA 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 $3.99 and $4.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -20.53%. 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). AC Immune SA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for AC Immune SA stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.58 and $3.51. There is a 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, AC Immune SA finds support just below today's level at $3.58. If this is broken, then the next support from accumulated volume will be at $3.51 and $3.30.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.250 between high and low, or 6.56%. For the last week, the stock has had daily average volatility of 5.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACIU) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect AC Immune SA to open at $3.91, and during the day (based on 14 day Average True Range), to move between $3.60 and $4.14, which gives a possible trading interval of +/-$0.272 (+/-7.04%) up or down from last closing price. If AC Immune SA takes out the full calculated possible swing range there will be an estimated 14.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.97 (2.58%) than the support at $3.58 (7.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is AC Immune SA stock A Buy?
The AC Immune SA stock holds several negative signals and despite the positive trend, we believe AC Immune SA 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.
Current score: -4.894 Sell Candidate Downgraded
Predicted Opening Price for AC Immune SA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.91 ( 1.12%) | $3.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACIU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.16 | 7.58% |
| R2 | 4.07 | 5.11% |
| R1 | 4.01 | 3.59% |
| Price | 3.87 | |
| S1 | 3.82 | -1.35% |
| S2 | 3.76 | -2.87% |
| S3 | 3.66 | -5.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.65 | 20.16% |
| R2 | 4.05 | 4.65% |
| R1 | 3.97 | 2.58% |
| Price | 3.87 | |
| S1 | 3.58 | -7.49% |
| S2 | 3.51 | -9.30% |
| S3 | 3.30 | -14.73% |
FAQ
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