Compass Therapeutics, Inc. Stock Forecast
Red day on Tuesday for Compass Therapeutics, Inc. stock after losing 0%
(Updated on May 21, 2024)
No changes to the price of Compass Therapeutics, Inc. stock on the last trading day (Tuesday, 21st May 2024). During the last trading day the stock fluctuated 6.38% from a day low at $1.52 to a day high of $1.62. The price has risen in 4 of the last 10 days but is still down by -4.76% for this period.
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 -21.80% during the next 3 months and, with a 90% probability hold a price between $1.03 and $1.48 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.
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CMPX Signals & Forecast
The Compass Therapeutics, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.59 and $1.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 11.11%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for Compass Therapeutics, Inc. stock
Compass Therapeutics, Inc. finds support from accumulated volume at $1.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0969 between high and low, or 6.38%. For the last week, the stock has had daily average volatility of 5.52%.
Our recommended stop-loss: $1.54 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (CMPX) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Compass Therapeutics, Inc. to open at $1.58, and during the day (based on 14 day Average True Range), to move between $1.47 and $1.73, which gives a possible trading interval of +/-$0.126 (+/-7.86%) up or down from last closing price. If Compass Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 15.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.62 (1.25%) than the support at $1.57 (1.88%), 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 Compass Therapeutics, Inc. stock A Buy?
Compass Therapeutics, 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: 0.292 Hold/Accumulate Unchanged
Predicted Opening Price for Compass Therapeutics, Inc. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $1.58 ( 1.31%) | $1.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMPX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.68 | 4.74 % | |
| R2 | 1.64 | 2.43 % | ||
| R1 | 1.62 | 1.00 % | ||
| Current price: | 1.60 | |||
| Support | S1 | 1.54 | -3.63 % | |
| S2 | 1.52 | -5.06 % | ||
| S3 | 1.48 | -7.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.84 | 15.00 % | |
| R2 | 1.70 | 6.25 % | ||
| R1 | 1.62 | 1.25 % | ||
| Current price | 1.60 | |||
| Support | S1 | 1.57 | -1.88% | |
| S2 | 1.54 | -3.75% | ||
| S3 | 1.48 | -7.50% |
FAQ
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