AnaptysBio Inc Stock Forecast
Weaker technical forecast for AnaptysBio Inc as stock downgraded to Strong Sell Candidate.
(Updated on Jul 02, 2024)
The AnaptysBio Inc stock price fell by -2.72% on the last day (Tuesday, 2nd Jul 2024) from $24.61 to $23.94. During the last trading day the stock fluctuated 4.38% from a day low at $23.72 to a day high of $24.76. The price has risen in 5 of the last 10 days and is up by 2.4% over the past 2 weeks. Volume has increased on the last day by 63 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, 246 thousand shares were bought and sold for approximately $5.89 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.67% during the next 3 months and, with a 90% probability hold a price between $23.96 and $32.29 at the end of this 3-month period.
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ANAB 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 AnaptysBio 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 $24.36 and $24.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -9.93%. 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 AnaptysBio Inc stock
AnaptysBio Inc finds support from accumulated volume at $22.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.04 (4.38%) between high and low. For the last week, the stock has had daily average volatility of 3.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANAB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect AnaptysBio Inc to open at $24.14, and during the day (based on 14 day Average True Range), to move between $22.89 and $24.99, which gives a possible trading interval of +/-$1.05 (+/-4.39%) up or down from last closing price. If AnaptysBio Inc takes out the full calculated possible swing range there will be an estimated 8.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.00 (0.25%) than the support at $22.89 (4.39%), 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 AnaptysBio Inc stock A Buy?
The AnaptysBio Inc stock holds several negative signals and despite the positive trend, we believe AnaptysBio Inc 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 Strong Sell candidate.
Current score: -6.019 Strong Sell Candidate Downgraded
Predicted Opening Price for AnaptysBio Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$24.14 ( 0.84%) | $23.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANAB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.18 | 5.18% |
R2 | 24.78 | 3.52% |
R1 | 24.54 | 2.49% |
Price | 23.94 | |
S1 | 23.74 | -0.82% |
S2 | 23.50 | -1.85% |
S3 | 23.10 | -3.51% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.02 | 8.69% |
R2 | 24.34 | 1.67% |
R1 | 24.00 | 0.251% |
Price | 23.94 | |
S1 | 22.89 | -4.39% |
S2 | 21.30 | -11.03% |
S3 | 21.00 | -12.28% |
FAQ
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