Daré Bioscience, Inc. Stock Forecast
Volatile ride for Daré Bioscience, Inc. stock price on Thursday moving between $0.300 and $0.330
(Updated on May 02, 2024)
The Daré Bioscience, Inc. stock price fell by -5.43% on the last day (Thursday, 2nd May 2024) from $0.330 to $0.312. During the last trading day the stock fluctuated 10.00% from a day low at $0.300 to a day high of $0.330. The price has risen in 6 of the last 10 days and is up by 5.73% over the past 2 weeks. 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 -852 thousand shares and in total, 966 thousand shares were bought and sold for approximately $301.24 thousand.
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 $0.272 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.44% during the next 3 months and, with a 90% probability hold a price between $0.246 and $0.483 at the end of this 3-month period.
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DARE Signals & Forecast
There are mixed signals in the stock today. 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 $0.423. On a fall, the stock will find some support from the short-term average at $0.302. 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 -45.64%. 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.
Support, Risk & Stop-loss for Daré Bioscience, Inc. stock
Daré Bioscience, Inc. finds support from accumulated volume at $0.308 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 $0.0300 between high and low, or 10.00%. For the last week the stock has had daily average volatility of 18.05%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Daré Bioscience, Inc. to open at $0.314, and during the day (based on 14 day Average True Range), to move between $0.269 and $0.355, which gives a possible trading interval of +/-$0.0432 (+/-13.84%) up or down from last closing price. If Daré Bioscience, Inc. takes out the full calculated possible swing range there will be an estimated 27.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.308 (1.44%) than the resistance at $0.330 (5.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Daré Bioscience, Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0600. We will update the financials statements for Daré Bioscience, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.39% in the first trading day after earnings release.
Is Daré Bioscience, Inc. stock A Buy?
Daré Bioscience, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.443 Strong Sell Candidate Downgraded
Predicted Opening Price for Daré Bioscience, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.314 ( 0.641%) | $0.312 |
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 | 0.344 | 10.26 % | |
| R2 | 0.333 | 6.58 % | ||
| R1 | 0.325 | 4.31 % | ||
| Current price: | 0.312 | |||
| Support | S1 | 0.303 | -3.03 % | |
| S2 | 0.295 | -5.30 % | ||
| S3 | 0.284 | -8.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.348 | 11.54 % | |
| R2 | 0.343 | 9.81 % | ||
| R1 | 0.330 | 5.74 % | ||
| Current price | 0.312 | |||
| Support | S1 | 0.308 | -1.44% | |
| S2 | 0.295 | -5.42% | ||
| S3 | 0.283 | -9.39% |
FAQ
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