Alpine Immune Sciences Inc Stock Forecast
Alpine Immune Sciences Inc stock price ended at $64.60 on Wednesday, after gaining 0.0155%.
(Updated on May 01, 2024)
The Alpine Immune Sciences Inc stock price gained 0.0155% on the last trading day (Wednesday, 1st May 2024), rising from $64.59 to $64.60. During the last trading day the stock fluctuated 0.186% from a day low at $64.57 to a day high of $64.69. The price has risen in 6 of the last 10 days and is up by 0.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $173.27 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $65.99 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 148.85% during the next 3 months and, with a 90% probability hold a price between $115.86 and $164.23 at the end of this 3-month period.
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ALPN Signals & Forecast
The Alpine Immune Sciences Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $64.60 and $49.68. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.155%. 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).
Support, Risk & Stop-loss for Alpine Immune Sciences Inc stock
Alpine Immune Sciences Inc finds support from accumulated volume at $64.55 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.120 between high and low, or 0.186%. For the last week, the stock has had daily average volatility of 0.198%.
Our recommended stop-loss: $62.14 (-3.82%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ALPN) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Alpine Immune Sciences Inc to open at $64.62, and during the day (based on 14 day Average True Range), to move between $63.03 and $66.17, which gives a possible trading interval of +/-$1.57 (+/-2.42%) up or down from last closing price. If Alpine Immune Sciences Inc takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $64.62 (0.03%) than the support at $64.55 (0.08%), 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.
Earnings coming up
Alpine Immune Sciences Inc will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.430. We will update the financials statements for Alpine Immune Sciences Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.48% in the first trading day after earnings release.
Is Alpine Immune Sciences Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alpine Immune Sciences Inc stock to perform well in the short-term.
Current score: 3.339 Buy Candidate Unchanged
Predicted Opening Price for Alpine Immune Sciences Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $64.62 ( 0.0310%) | $64.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALPN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.74 | 0.217 % | |
| R2 | 64.69 | 0.146 % | ||
| R1 | 64.67 | 0.102 % | ||
| Current price: | 64.60 | |||
| Support | S1 | 64.57 | -0.0400 % | |
| S2 | 64.55 | -0.0838 % | ||
| S3 | 64.50 | -0.155 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 64.70 | 0.155 % | ||
| R1 | 64.62 | 0.0310 % | ||
| Current price | 64.60 | |||
| Support | S1 | 64.55 | -0.0774% | |
| S2 | 64.40 | -0.310% | ||
| S3 | 64.37 | -0.356% |
FAQ
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