Chemomab Therapeutics Ltd. Stock Forecast
Volatile ride for Chemomab Therapeutics Ltd. stock price on Friday moving between $0.657 and $0.740
(Updated on Apr 19, 2024)
The Chemomab Therapeutics Ltd. stock price fell by -2.86% on the last day (Friday, 19th Apr 2024) from $0.700 to $0.680. During the last trading day the stock fluctuated 12.62% from a day low at $0.657 to a day high of $0.740. The price has fallen in 7 of the last 10 days and is down by -15% 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 -14 thousand shares and in total, 15 thousand shares were bought and sold for approximately $10.47 thousand.
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 35.26% during the next 3 months and, with a 90% probability hold a price between $0.81 and $1.31 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CMMB Signals & Forecast
There are few to no technical positive signals at the moment. The Chemomab Therapeutics Ltd. 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 $0.699 and $0.757. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -20.93%. 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). 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.
Support, Risk & Stop-loss for Chemomab Therapeutics Ltd. stock
Chemomab Therapeutics Ltd. finds support from accumulated volume at $0.676 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0829 between high and low, or 12.62%. For the last week the stock has had daily average volatility of 12.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMMB) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Chemomab Therapeutics Ltd. to open at $0.692, and during the day (based on 14 day Average True Range), to move between $0.621 and $0.739, which gives a possible trading interval of +/-$0.0586 (+/-8.62%) up or down from last closing price. If Chemomab Therapeutics Ltd. takes out the full calculated possible swing range there will be an estimated 17.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.676 (0.59%) than the resistance at $0.710 (4.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chemomab Therapeutics Ltd. stock A Buy?
The Chemomab Therapeutics Ltd. stock holds several negative signals and despite the positive trend, we believe Chemomab Therapeutics Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.041 Sell Candidate Unchanged
Predicted Opening Price for Chemomab Therapeutics Ltd. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.692 ( 1.81%) | $0.680 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.775 | 14.00 % | |
| R2 | 0.744 | 9.34 % | ||
| R1 | 0.724 | 6.47 % | ||
| Current price: | 0.680 | |||
| Support | S1 | 0.661 | -2.85 % | |
| S2 | 0.641 | -5.73 % | ||
| S3 | 0.609 | -10.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.80 | 17.65 % | |
| R2 | 0.750 | 10.29 % | ||
| R1 | 0.710 | 4.46 % | ||
| Current price | 0.680 | |||
| Support | S1 | 0.676 | -0.588% | |
| S2 | 0.670 | -1.47% | ||
| S3 | 0.580 | -14.71% |
FAQ
Click here for our free guide on how to buy Chemomab Therapeutics Ltd. Stock.
