Atreca Inc. Stock Forecast
Big movements in Atreca Inc. stock price on Friday moving 13.25% between high and low
(Updated on Apr 26, 2024)
The Atreca Inc. stock price fell by -6.43% on the last day (Friday, 26th Apr 2024) from $0.0855 to $0.0800. During the last trading day the stock fluctuated 13.25% from a day low at $0.0800 to a day high of $0.0906. The price has risen in 5 of the last 10 days but is still down by -1.23% for this period. Volume has increased on the last day by 141 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, 161 thousand shares were bought and sold for approximately $12.86 thousand.
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 $0.103 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 29.03%. 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 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 $0.0812 and $0.0998. A break-up above any of these levels will issue buy signals. Atreca Inc. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Atreca Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0750 and $0.0721. 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, Atreca Inc. finds support just below today's level at $0.0750. If this is broken, then the next support from accumulated volume will be at $0.0721 and $0.0620.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0106 between high and low, or 13.25%. For the last week, the stock has had daily average volatility of 15.76%.
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 Monday 29th
For the upcoming trading day on Monday, 29th we expect Atreca Inc. to open at $0.0835, and during the day (based on 14 day Average True Range), to move between $0.0664 and $0.0936, which gives a possible trading interval of +/-$0.0136 (+/-17.00%) up or down from last closing price. If Atreca Inc. takes out the full calculated possible swing range there will be an estimated 34.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0821 (2.63%) than the support at $0.0750 (6.25%), 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 Atreca Inc. stock A Buy?
Atreca 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.965 Strong Sell Candidate Downgraded
Predicted Opening Price for Atreca Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0835 ( 4.42%) | $0.0800 |
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 | 0.0941 | 17.67 % | |
| R2 | 0.0901 | 12.61 % | ||
| R1 | 0.0876 | 9.48 % | ||
| Current price: | 0.0800 | |||
| Support | S1 | 0.0795 | -0.645 % | |
| S2 | 0.0770 | -3.77 % | ||
| S3 | 0.0729 | -8.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0850 | 6.25 % | |
| R2 | 0.0845 | 5.63 % | ||
| R1 | 0.0821 | 2.63 % | ||
| Current price | 0.0800 | |||
| Support | S1 | 0.0750 | -6.25% | |
| S2 | 0.0721 | -9.88% | ||
| S3 | 0.0620 | -22.50% |
FAQ
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