Arcellx, Inc. Stock Forecast

Arcellx, Inc. stock price down 2.13% on Tuesday
(Updated on Apr 30, 2024)

ACLX Signals & Forecast

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 Arcellx, 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 $51.96 and $61.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -31.94%. 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.

Support, Risk & Stop-loss for Arcellx, 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 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 $1.72 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 3.93%.

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

Trading Expectations (ACLX) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Arcellx, Inc. to open at $50.50, and during the day (based on 14 day Average True Range), to move between $47.46 and $52.58, which gives a possible trading interval of +/-$2.56 (+/-5.12%) up or down from last closing price. If Arcellx, Inc. takes out the full calculated possible swing range there will be an estimated 10.23% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $51.65, some $1.63 (3.26%) from the current price of $50.02, our system finds the risk reward not very attractive.

Is Arcellx, Inc. stock A Buy?

Arcellx, 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: -6.535 Strong Sell Candidate Unchanged

Predicted Opening Price for Arcellx, Inc. of Wednesday, May 1, 2024

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