Entero Therapeutics, Inc. Stock Forecast
Stronger technical forecast for Entero Therapeutics, Inc. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Entero Therapeutics, Inc. stock price gained 2.51% on the last trading day (Friday, 28th Jun 2024), rising from $1.20 to $1.23. During the last trading day the stock fluctuated 8.05% from a day low at $1.19 to a day high of $1.29. The price has fallen in 6 of the last 10 days and is down by -44.09% for this period. Volume fell on the last day by -1 million shares and in total, 118 thousand shares were bought and sold for approximately $145.08 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 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 $1.15 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -45.03% during the next 3 months and, with a 90% probability hold a price between $0.633 and $1.05 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 Thursday, June 27, 2024, and so far it has risen 2.51%. Further rise is indicated until a new top pivot has been found. 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 $1.66 and $2.38. 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). 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 also not.
Support, Risk & Stop-loss for Entero Therapeutics, Inc. stock
Entero Therapeutics, Inc. finds support from accumulated volume at $1.20 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 $0.0961 between high and low, or 8.05%. For the last week the stock has had daily average volatility of 15.16%.
Entero Therapeutics, Inc. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $1.16 (-5.44%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (ENTO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Entero Therapeutics, Inc. to open at $1.24, and during the day (based on 14 day Average True Range), to move between $0.96 and $1.50, which gives a possible trading interval of +/-$0.269 (+/-21.88%) up or down from last closing price. If Entero Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 43.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.20, some $0.0301 (2.45%) from the current price of $1.23, our system finds the risk reward attractive.
Is Entero Therapeutics, Inc. stock A Buy?
Entero Therapeutics, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.099 Hold/Accumulate Upgraded
Predicted Opening Price for Entero Therapeutics, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.24 ( 0.642%) | $1.23 |
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 | 1.33 | 8.45% |
| R2 | 1.30 | 5.47% |
| R1 | 1.27 | 3.63% |
| Price | 1.23 | |
| S1 | 1.20 | -2.34% |
| S2 | 1.18 | -4.19% |
| S3 | 1.14 | -7.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1.23 | |
| S1 | 1.20 | -2.45% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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