Calithera Biosciences Stock Forecast

Stronger technical forecast for Calithera Biosciences stock price after Friday trading.
(Updated on Apr 26, 2024)

CALA Signals & Forecast

There are mixed signals in the stock today. The Calithera Biosciences 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 $0.0235 and $0.0244. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has fallen 0%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Calithera Biosciences 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 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.724%.

Our recommended stop-loss: $0.0188 (-6.12%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (CALA) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Calithera Biosciences to open at $0.0200, and during the day (based on 14 day Average True Range), to move between $0.0147 and $0.0253, which gives a possible trading interval of +/-$0.0053 (+/-26.52%) up or down from last closing price. If Calithera Biosciences takes out the full calculated possible swing range there will be an estimated 53.04% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0246, some $0.0046 (22.75%) from the current price of $0.0200, our system finds the risk reward not very attractive.

Is Calithera Biosciences stock A Buy?

Calithera Biosciences holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Calithera Biosciences of Monday, April 29, 2024

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