Daré Bioscience, Inc. Stock Forecast
Strong day for Daré Bioscience, Inc. stock price on Friday rising 5.77% to $0.306
(Updated on Apr 26, 2024)
The Daré Bioscience, Inc. stock price gained 5.77% on the last trading day (Friday, 26th Apr 2024), rising from $0.289 to $0.306. During the last trading day the stock fluctuated 7.08% from a day low at $0.288 to a day high of $0.308. The price has risen in 7 of the last 10 days but is still down by -34.83% for this period. Volume fell on the last day by -141 thousand shares and in total, 171 thousand shares were bought and sold for approximately $52.22 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.283 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.46% during the next 3 months and, with a 90% probability hold a price between $0.301 and $0.636 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.
DARE Signals & Forecast
There are few to no technical positive signals at the moment. The Daré Bioscience, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.443. On a fall, the stock will find some support from the short-term average at $0.293. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -46.71%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Daré Bioscience, Inc. stock
Daré Bioscience, Inc. finds support from accumulated volume at $0.295 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0204 between high and low, or 7.08%. For the last week the stock has had daily average volatility of 6.08%.
Daré Bioscience, Inc. is oversold on RSI14 (22). 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 (DARE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Daré Bioscience, Inc. to open at $0.301, and during the day (based on 14 day Average True Range), to move between $0.269 and $0.343, which gives a possible trading interval of +/-$0.0367 (+/-12.01%) up or down from last closing price. If Daré Bioscience, Inc. takes out the full calculated possible swing range there will be an estimated 24.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.295 (3.53%) than the resistance at $0.320 (4.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daré Bioscience, Inc. stock A Buy?
The Daré Bioscience, Inc. stock holds several negative signals and despite the positive trend, we believe Daré Bioscience, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.538 Sell Candidate Unchanged
Predicted Opening Price for Daré Bioscience, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.301 ( 1.68%) | $0.306 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DARE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.321 | 4.99 % | |
| R2 | 0.313 | 2.44 % | ||
| R1 | 0.309 | 0.87 % | ||
| Current price: | 0.306 | |||
| Support | S1 | 0.293 | -4.23 % | |
| S2 | 0.288 | -5.80 % | ||
| S3 | 0.280 | -8.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.348 | 13.76 % | |
| R2 | 0.329 | 7.45 % | ||
| R1 | 0.320 | 4.61 % | ||
| Current price | 0.306 | |||
| Support | S1 | 0.295 | -3.53% | |
| S2 | 0.283 | -7.58% | ||
| S3 | 0.280 | -8.47% |
FAQ
Click here for our free guide on how to buy Daré Bioscience, Inc. Stock.
