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Codex DNA, Inc. Stock Forecast NASDAQ:DNAY

$7.34 (6.22%)

Volume: 68k

Closed: Dec 08, 2021

Hollow Logo Score: -2.128

Codex DNA, Inc. Stock Forecast

$7.34 (6.22%)

Volume: 68k

Closed: Dec 08, 2021

Score Hollow Logo -2.128
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 85 ] RSI14 is 44 and the stock is currently not being overbought or oversold

Volatile ride for Codex DNA, Inc. stock price on Wednesday moving between $6.87 and $7.60
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-05 Loss -29.63%

The Codex DNA, Inc. stock price gained 6.22% on the last trading day (Wednesday, 8th Dec 2021), rising from $6.91 to $7.34. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 10.63% from a day low at $6.87 to a day high of $7.60. The price has been going up and down for this period, and there has been a 7.94% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 68 thousand shares were bought and sold for approximately $498.87 thousand.

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 -41.69% during the next 3 months and, with a 90% probability hold a price between $3.63 and $4.93 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 14.51%. 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). Codex DNA, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Codex DNA, 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 $8.34. On a fall, the stock will find some support from the short-term average at $6.84. 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.

Support, Risk & Stop-loss

Codex DNA, Inc. finds support from accumulated volume at $7.08 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.73 between high and low, or 10.63%. For the last week, the stock has had a daily average volatility of 9.96%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Codex DNA, Inc. stock A Buy?

Codex DNA, 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.

Current score: -2.128

Predicted Opening Price for Codex DNA, Inc. of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$7.27 $7.34 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Jul 13, 2021 "Jefferies Financial Group" gave "" rating for DNAY. The price target was changed from $16.57 to 4.6%.

Volatility and Risk
Daily Average Volatility: 9.96 %
Overall Risk: Very High High Medium Low Very Low
Volatility
9.96 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $7.51
Price: $7.34
Support: $7.08

DNAY Insider Trading Show all Trades

INSIDER POWER

1.888

Last 17 transactions
Buy: 18 989 957 | Sell: 10 057 597 (Shares)
Date Action Amount Person Type
Aug 27, 2021 Buy 5 500 Hunter Brent M. Stock Option (right to buy)
Aug 27, 2021 Buy 116 833 Nachtsheim Jami K Stock Option (right to buy)
Jun 22, 2021 Buy 2 000 000 Gattaca Mining Llc Common Stock
Jun 22, 2021 Sell 2 000 000 Gattaca Mining Llc Series Z Preferred Stock
Jun 22, 2021 Buy 1 319 045 Snider William Common Stock
Show all Insider Trades
INSIDER POWER

1.888

Last 17 transactions
Buy: 18 989 957 | Sell: 10 057 597 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.00 8.99 %
7.72 5.19 %
7.55 2.85 %
Current price: 7.34
Support 6.99 -4.75 %
6.82 -7.10 %
6.54 -10.90 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.59 17.03 %
8.29 12.94 %
7.51 2.32 %
Current price 7.34
Support 7.08 -3.54%
6.80 -7.36%
6.74 -8.17%

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