Celldex Therapeutics stock price ended on $29.19 on Monday after gaining 1.81%
(Updated on Nov 27, 2023)
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The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $29.09, a level that may pose a second chance to hit a runner. According to fan-theory $35.94 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
CLDX Signals & Forecast
The Celldex Therapeutics stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.25 and $26.22. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, November 06, 2023, and so far it has fallen -0.545%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Celldex Therapeutics stock
Celldex Therapeutics finds support from accumulated volume at $27.90 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 $1.12 between high and low, or 3.99%. For the last week, the stock has had daily average volatility of 5.64%.
Our recommended stop-loss: $28.00 (-4.09%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (CLDX) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Celldex Therapeutics to open at $28.88, and during the day (based on 14 day Average True Range), to move between $27.46 and $30.92, which gives a possible trading interval of +/-$1.73 (+/-5.92%) up or down from last closing price. If Celldex Therapeutics takes out the full calculated possible swing range there will be an estimated 11.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.35 (0.55%) than the support at $27.90 (4.42%), 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 Celldex Therapeutics stock A Buy?
Celldex Therapeutics 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: 0.634 Open Broker AccountHold/Accumulate Unchanged
Predicted Opening Price for Celldex Therapeutics of Tuesday, November 28, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price November 28, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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