CytomX Therapeutics Stock Forecast
CytomX Therapeutics stock price down 0% on Monday
(Updated on Apr 22, 2024)
No changes to the price of CytomX Therapeutics stock on the last trading day (Monday, 22nd Apr 2024). During the last trading day the stock fluctuated 5.51% from a day low at $1.67 to a day high of $1.76. The price has fallen in 6 of the last 10 days and is down by -18.93% for this period.
Given the current short-term trend, the stock is expected to rise 25.77% during the next 3 months and, with a 90% probability hold a price between $2.10 and $3.88 at the end of this 3-month period.
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CTMX Signals & Forecast
There are few to no technical positive signals at the moment. The CytomX Therapeutics 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 $1.83 and $2.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -39.05%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for CytomX Therapeutics stock
CytomX Therapeutics finds support from accumulated volume at $1.61 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 $0.0920 between high and low, or 5.51%. For the last week the stock has had daily average volatility of 5.77%.
CytomX Therapeutics is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CTMX) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect CytomX Therapeutics to open at $1.70, and during the day (based on 14 day Average True Range), to move between $1.53 and $1.81, which gives a possible trading interval of +/-$0.137 (+/-8.22%) up or down from last closing price. If CytomX Therapeutics takes out the full calculated possible swing range there will be an estimated 16.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.61 (3.59%) than the resistance at $1.76 (5.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CytomX Therapeutics stock A Buy?
The CytomX Therapeutics stock holds several negative signals and despite the positive trend, we believe CytomX Therapeutics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.592 Sell Candidate Unchanged
Predicted Opening Price for CytomX Therapeutics of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$1.70 ( 1.84%) | $1.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTMX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.79 | 7.35 % | |
R2 | 1.76 | 5.24 % | ||
R1 | 1.74 | 3.94 % | ||
Current price: | 1.67 | |||
Support | S1 | 1.67 | -0.268 % | |
S2 | 1.64 | -1.57 % | ||
S3 | 1.61 | -3.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.06 | 23.35 % | |
R2 | 2.02 | 20.96 % | ||
R1 | 1.76 | 5.39 % | ||
Current price | 1.67 | |||
Support | S1 | 1.61 | -3.59% | |
S2 | 1.53 | -8.38% | ||
S3 | 1.50 | -10.18% |
FAQ
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