Entero Therapeutics, Inc. Stock Forecast
Volatile ride for Entero Therapeutics, Inc. stock price on Tuesday moving between $1.73 and $1.91
(Updated on Jun 25, 2024)
The Entero Therapeutics, Inc. stock price gained 1.61% on the last trading day (Tuesday, 25th Jun 2024), rising from $1.77 to $1.80. During the last trading day the stock fluctuated 10.40% from a day low at $1.73 to a day high of $1.91. The price has fallen in 6 of the last 10 days and is down by -23.89% for this period. 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, 47 thousand shares were bought and sold for approximately $84.77 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.73 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -36.62% during the next 3 months and, with a 90% probability hold a price between $1.10 and $1.36 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.
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ENTO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. Entero Therapeutics, 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Entero Therapeutics, 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 $1.93 and $2.48. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Entero Therapeutics, Inc. stock
Entero Therapeutics, Inc. finds support from accumulated volume at $1.77 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.180 between high and low, or 10.40%. For the last week, the stock has had daily average volatility of 17.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENTO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Entero Therapeutics, Inc. to open at $1.81, and during the day (based on 14 day Average True Range), to move between $1.53 and $2.07, which gives a possible trading interval of +/-$0.269 (+/-14.93%) up or down from last closing price. If Entero Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 29.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.81 (0.56%) than the support at $1.77 (1.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Entero Therapeutics, Inc. stock A Buy?
Entero Therapeutics, Inc. holds several negative signals and is within a 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.
Current score: -1.926 Sell Candidate Unchanged
Predicted Opening Price for Entero Therapeutics, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.81 ( 0.741%) | $1.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENTO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.99 | 10.74% |
| R2 | 1.92 | 6.92% |
| R1 | 1.88 | 4.56% |
| Price | 1.80 | |
| S1 | 1.74 | -3.08% |
| S2 | 1.70 | -5.44% |
| S3 | 1.63 | -9.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.20 | 22.22% |
| R2 | 2.07 | 15.00% |
| R1 | 1.81 | 0.556% |
| Price | 1.80 | |
| S1 | 1.77 | -1.58% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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