Atreca Inc. Stock Forecast
Volatile ride for Atreca Inc. stock price on Thursday moving between $0.0800 and $0.0918
(Updated on Apr 25, 2024)
The Atreca Inc. stock price gained 0.588% on the last trading day (Thursday, 25th Apr 2024), rising from $0.0850 to $0.0855. During the last trading day the stock fluctuated 14.69% from a day low at $0.0800 to a day high of $0.0918. The price has risen in 5 of the last 10 days and is up by 1.18% over the past 2 weeks. Volume fell on the last day by -65 thousand shares and in total, 20 thousand shares were bought and sold for approximately $1.72 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling 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 $0.109 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BCEL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 37.90%. Further rise is indicated until a new top pivot has been found. 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 Atreca Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.104. On a fall, the stock will find some support from the short-term average at $0.0809. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Atreca Inc. stock
Atreca Inc. finds support from accumulated volume at $0.0821 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0118 between high and low, or 14.69%. For the last week the stock has had daily average volatility of 15.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BCEL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Atreca Inc. to open at $0.0858, and during the day (based on 14 day Average True Range), to move between $0.0715 and $0.0995, which gives a possible trading interval of +/-$0.0140 (+/-16.36%) up or down from last closing price. If Atreca Inc. takes out the full calculated possible swing range there will be an estimated 32.72% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0821, some $0.0034 (3.98%) from the current price of $0.0855, our system finds the risk reward attractive.
Is Atreca Inc. stock A Buy?
Atreca Inc. holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.
Current score: -4.018 Sell Candidate Downgraded
Predicted Opening Price for Atreca Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0858 ( 0.292%) | $0.0855 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCEL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0975 | 14.04 % | |
| R2 | 0.0930 | 8.79 % | ||
| R1 | 0.0902 | 5.54 % | ||
| Current price: | 0.0855 | |||
| Support | S1 | 0.0813 | -4.96 % | |
| S2 | 0.0785 | -8.20 % | ||
| S3 | 0.0740 | -13.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0855 | |||
| Support | S1 | 0.0821 | -3.98% | |
| S2 | 0.0800 | -6.43% | ||
| S3 | 0.0721 | -15.67% |
FAQ
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