Entera Bio Ltd. Stock Forecast
Big movements in Entera Bio Ltd. stock price on Friday moving 12.39% between high and low
(Updated on May 10, 2024)
The Entera Bio Ltd. stock price fell by -3.15% on the last day (Friday, 10th May 2024) from $2.54 to $2.46. During the last trading day the stock fluctuated 12.39% from a day low at $2.26 to a day high of $2.54. The price has risen in 7 of the last 10 days and is up by 24.24% over the past 2 weeks. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 155 thousand shares were bought and sold for approximately $380.42 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 79.01% during the next 3 months and, with a 90% probability hold a price between $3.86 and $6.22 at the end of this 3-month period.
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ENTX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -17.45%. 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). Entera Bio Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The Entera Bio Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.37 and $2.10. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Entera Bio Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.29 and $2.23. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Entera Bio Ltd. finds support just below today's level at $2.29. If this is broken, then the next support from accumulated volume will be at $2.23 and $1.99.
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 $0.280 between high and low, or 12.39%. For the last week, the stock has had daily average volatility of 10.47%.
Our recommended stop-loss: $2.39 (-2.66%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (ENTX) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Entera Bio Ltd. to open at $2.42, and during the day (based on 14 day Average True Range), to move between $2.22 and $2.70, which gives a possible trading interval of +/-$0.244 (+/-9.90%) up or down from last closing price. If Entera Bio Ltd. takes out the full calculated possible swing range there will be an estimated 19.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.52 (2.44%) than the support at $2.29 (6.91%), 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 Entera Bio Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Entera Bio Ltd. stock to perform well in the short-term.
Current score: 1.885 Buy Candidate Unchanged
Predicted Opening Price for Entera Bio Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $2.42 ( 1.63%) | $2.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENTX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.70 | 9.76 % | |
| R2 | 2.59 | 5.41 % | ||
| R1 | 2.53 | 2.72 % | ||
| Current price: | 2.46 | |||
| Support | S1 | 2.31 | -5.97 % | |
| S2 | 2.25 | -8.66 % | ||
| S3 | 2.14 | -13.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.98 | 21.14 % | |
| R2 | 2.66 | 8.13 % | ||
| R1 | 2.52 | 2.44 % | ||
| Current price | 2.46 | |||
| Support | S1 | 2.29 | -6.91% | |
| S2 | 2.23 | -9.35% | ||
| S3 | 1.99 | -19.31% |
FAQ
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