Celcuity Inc Stock Forecast
Green day on Friday for Celcuity Inc
(Updated on May 03, 2024)
The Celcuity Inc stock price gained 0.0566% on the last trading day (Friday, 3rd May 2024), rising from $17.66 to $17.67. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.80% from a day low at $17.31 to a day high of $17.97. The price has risen in 6 of the last 10 days and is up by 2.49% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 129 thousand more shares were traded than the day before. In total, 283 thousand shares were bought and sold for approximately $5.00 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.29% during the next 3 months and, with a 90% probability hold a price between $18.16 and $25.69 at the end of this 3-month period.
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CELC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 12.05%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Celcuity 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 $18.05. On a fall, the stock will find some support from the short-term average at $16.45. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Celcuity Inc stock
Celcuity Inc finds support from accumulated volume at $17.54 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 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 $0.659 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 5.69%.
Our recommended stop-loss: $16.95 (-4.06%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CELC) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Celcuity Inc to open at $17.65, and during the day (based on 14 day Average True Range), to move between $16.73 and $18.61, which gives a possible trading interval of +/-$0.94 (+/-5.34%) up or down from last closing price. If Celcuity Inc takes out the full calculated possible swing range there will be an estimated 10.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.79 (0.68%) than the support at $17.54 (0.74%), 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 Celcuity Inc stock A Buy?
Celcuity Inc 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.
Current score: 0.244 Hold/Accumulate Unchanged
Predicted Opening Price for Celcuity Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$17.65 ( 0.110%) | $17.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CELC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.31 | 3.62 % | |
R2 | 18.06 | 2.19 % | ||
R1 | 17.90 | 1.31 % | ||
Current price: | 17.67 | |||
Support | S1 | 17.40 | -1.53 % | |
S2 | 17.24 | -2.41 % | ||
S3 | 16.99 | -3.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.64 | 11.15 % | |
R2 | 17.85 | 1.02 % | ||
R1 | 17.79 | 0.679 % | ||
Current price | 17.67 | |||
Support | S1 | 17.54 | -0.736% | |
S2 | 17.43 | -1.36% | ||
S3 | 15.92 | -9.90% |
FAQ
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