Precision BioSciences Inc. Stock Forecast
Stronger technical forecast for Precision BioSciences Inc. stock price after Wednesday trading.
(Updated on Jul 03, 2024)
The Precision BioSciences Inc. stock price fell by -1.38% on the last day (Wednesday, 3rd Jul 2024) from $9.41 to $9.28. During the last trading day the stock fluctuated 4.12% from a day low at $9.22 to a day high of $9.60. The price has been going up and down for this period, and there has been a -8.12% loss for the last 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 -44 thousand shares and in total, 16 thousand shares were bought and sold for approximately $148.28 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 -14.23% during the next 3 months and, with a 90% probability hold a price between $6.72 and $10.77 at the end of this 3-month period.
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DTIL Signals & Forecast
There are few to no technical positive signals at the moment. The Precision 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 $9.57 and $11.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -29.86%. 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 Precision 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.380 between high and low, or 4.12%. For the last week the stock has had daily average volatility of 5.38%.
Precision BioSciences Inc. is oversold on RSI14 (19). 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 (DTIL) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Precision BioSciences Inc. to open at $9.37, and during the day (based on 14 day Average True Range), to move between $8.69 and $9.87, which gives a possible trading interval of +/-$0.587 (+/-6.33%) up or down from last closing price. If Precision BioSciences Inc. takes out the full calculated possible swing range there will be an estimated 12.66% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $9.40, some $0.120 (1.29%) from the current price of $9.28, our system finds the risk reward not very attractive.
Is Precision BioSciences Inc. stock A Buy?
Precision 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.765 Sell Candidate Upgraded
Predicted Opening Price for Precision BioSciences Inc. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $9.37 ( 0.93%) | $9.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTIL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.75 | 5.03% |
| R2 | 9.60 | 3.46% |
| R1 | 9.51 | 2.50% |
| Price | 9.28 | |
| S1 | 9.22 | -0.630% |
| S2 | 9.13 | -1.60% |
| S3 | 8.99 | -3.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.51 | 24.03% |
| R2 | 9.74 | 4.96% |
| R1 | 9.40 | 1.29% |
| Price | 9.28 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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