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CASI Pharmaceuticals Stock Forecast NASDAQ:CASI

$0.82 (-5.75%)

Volume: 2M

Closed: Dec 03, 2021

Hollow Logo Score: -6.243

CASI Pharmaceuticals Stock Forecast

$0.82 (-5.75%)

Volume: 2M

Closed: Dec 03, 2021

Score Hollow Logo -6.243
Which way will CASI go? Request
Key Stats
P/E Ratio -2.54
Beta 1.36
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The CASI Pharmaceuticals stock currently holds an RSI14 at 18 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Big movements in CASI Pharmaceuticals stock price on Friday moving 11.08% between high and low
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-15 Loss -19.24%

The CASI Pharmaceuticals stock price fell by -5.75% on the last day (Friday, 3rd Dec 2021) from $0.87 to $0.82. During the day the stock fluctuated 11.08% from a day low at $0.79 to a day high of $0.88. The price has fallen in 6 of the last 10 days and is down by -12.93% for this period. Volume has increased on the last day by 903 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, 2 million shares were bought and sold for approximately $1.46 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.80 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -37.38% during the next 3 months and, with a 90% probability hold a price between $0.50 and $0.60 at the end of this 3-month period. 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.

Signals & Forecast

There are few to no technical positive signals at the moment. The CASI Pharmaceuticals 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 $0.88 and $1.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -28.37%. 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). CASI Pharmaceuticals 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".

Support, Risk & Stop-loss

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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0877 between high and low, or 11.08%. For the last week, the stock has had a daily average volatility of 7.42%.

CASI Pharmaceuticals is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is CASI Pharmaceuticals stock A Buy?

CASI Pharmaceuticals holds several negative signals and is within a 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: -6.243

Predicted Opening Price for CASI Pharmaceuticals of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$0.83 $0.82 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Nov 15, 2021 "HC Wainwright" gave "$4.00" rating for CASI. The price target was changed from $1.04 to 4.2%.

Volatility and Risk
Daily Average Volatility: 7.42 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.42 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.92
Price: $0.82
No Support Found

CASI Insider Trading Show all Trades

INSIDER POWER

6.651

Last 100 transactions
Buy: 37 616 494 | Sell: 5 655 852 (Shares)
Date Action Amount Person Type
Aug 19, 2021 Buy 180 000 He Wei-wu Common Stock
Aug 18, 2021 Buy 300 000 He Wei-wu Common Stock
Jul 24, 2021 Sell 800 000 Zhang Larry Employee Stock Option (Right to Buy)
Jun 15, 2021 Buy 110 459 Salisbury Franklin Cary Jr Stock Option (Right to Buy)
Jun 15, 2021 Buy 110 459 Wu Yue Alexander Stock Option (Right to Buy)
Show all Insider Trades
INSIDER POWER

6.651

Last 100 transactions
Buy: 37 616 494 | Sell: 5 655 852 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.92 11.60 %
0.89 7.54 %
0.87 5.03 %
Current price: 0.82
Support 0.80 -3.11 %
0.78 -5.62 %
0.74 -9.69 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.94 14.29 %
0.93 13.21 %
0.92 11.07 %
Current price 0.82
Support 0 .
0 .
0 .

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About CASI Pharmaceuticals

CASI Pharmaceuticals CASI Pharmaceuticals, Inc., a late-stage biopharmaceutical company, acquires, develops, and commercializes therapeutics addressing cancer and other unmet medical needs in China. Its lead drug candidate is ENMD-2076, an Aurora A and angiogenic kinase inhibitor, which is in multiple Phase II studies in advanced fibrolamellar carcinoma, triple-negative breast cancer, advanced ovarian clear cell carcinomas, and advanced/metastatic soft tissue sarcoma... Read more

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