Catalyst Biosciences Stock Forecast
Red day on Tuesday for Catalyst Biosciences stock after losing 5%
(Updated on Mar 28, 2023)
The Catalyst Biosciences stock price fell by -5.00% on the last day (Tuesday, 28th Mar 2023) from $0.200 to $0.190. During the last trading day the stock fluctuated 7.84% from a day low at $0.190 to a day high of $0.205. The price has fallen in 6 of the last 10 days and is down by -9.52% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -52 thousand shares and in total, 249 thousand shares were bought and sold for approximately $47.25 thousand.
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The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -51.01% during the next 3 months and, with a 90% probability hold a price between $0.0532 and $0.164 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.
CBIO Signals & Forecast
There are mixed signals in the stock today. The Catalyst 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 $0.197 and $0.233. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, March 20, 2023, and so far it has risen 0.689%. 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).
Support, Risk & Stop-loss for Catalyst Biosciences stock
Catalyst Biosciences finds support from accumulated volume at $0.189 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0149 between high and low, or 7.84%. For the last week the stock has had daily average volatility of 7.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CBIO) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Catalyst Biosciences to open at $0.195, and during the day (based on 14 day Average True Range), to move between $0.168 and $0.212, which gives a possible trading interval of +/-$0.0224 (+/-11.82%) up or down from last closing price. If Catalyst Biosciences takes out the full calculated possible swing range there will be an estimated 23.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.189 (0.68%) than the resistance at $0.198 (4.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Catalyst Biosciences stock A Buy?
Catalyst Biosciences 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.
Current score: -3.726 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Catalyst Biosciences of Wednesday, March 29, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 29, 2023 | Current price |
|---|---|
| $0.195 | $0.190 (Undervalued) |
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Trading levels for CBIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.210 | 10.46 % | |
| R2 | 0.204 | 7.46 % | ||
| R1 | 0.201 | 5.61 % | ||
| Current price: | 0.190 | |||
| Support | S1 | 0.189 | -0.382 % | |
| S2 | 0.186 | -2.23 % | ||
| S3 | 0.180 | -5.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.237 | 24.58 % | |
| R2 | 0.235 | 23.42 % | ||
| R1 | 0.198 | 4.26 % | ||
| Current price | 0.190 | |||
| Support | S1 | 0.189 | -0.684% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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