Caribou Biosciences, Inc. Stock Forecast
Caribou Biosciences, Inc. stock price ended at $1.75 on Monday, after losing 2.23%.
(Updated on Jun 17, 2024)
The Caribou Biosciences, Inc. stock price fell by -2.23% on the last day (Monday, 17th Jun 2024) from $1.79 to $1.75. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 8.01% from a day low at $1.69 to a day high of $1.82. The price has fallen in 7 of the last 10 days and is down by -18.41% for this period. Volume has increased on the last day by 882 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $7.13 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -58.50% during the next 3 months and, with a 90% probability hold a price between $0.668 and $1.00 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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CRBU Signals & Forecast
There are few to no technical positive signals at the moment. The Caribou Biosciences, Inc. 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 $1.89 and $2.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -11.17%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Caribou Biosciences, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.135 between high and low, or 8.01%. For the last week, the stock has had daily average volatility of 8.18%.
Caribou Biosciences, Inc. is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRBU) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Caribou Biosciences, Inc. to open at $1.75, and during the day (based on 14 day Average True Range), to move between $1.54 and $1.96, which gives a possible trading interval of +/-$0.212 (+/-12.10%) up or down from last closing price. If Caribou Biosciences, Inc. takes out the full calculated possible swing range there will be an estimated 24.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.94, some $0.190 (10.86%) from the current price of $1.75, our system finds the risk reward not very attractive.
Is Caribou Biosciences, Inc. stock A Buy?
Caribou Biosciences, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -7.605 Strong Sell Candidate Unchanged
Predicted Opening Price for Caribou Biosciences, Inc. of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$1.75 ( 0.0952%) | $1.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRBU
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.89 | 7.81% |
R2 | 1.84 | 4.86% |
R1 | 1.80 | 3.04% |
Price | 1.75 | |
S1 | 1.70 | -2.85% |
S2 | 1.67 | -4.67% |
S3 | 1.62 | -7.62% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.17 | 23.71% |
R2 | 2.15 | 22.57% |
R1 | 1.94 | 10.86% |
Price | 1.75 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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