Entera Bio Ltd. Stock Forecast
Entera Bio Ltd. stock downgraded from Sell Candidate to Strong Sell Candidate after Wednesday trading session.
(Updated on Jul 03, 2024)
The Entera Bio Ltd. stock price fell by -4.09% on the last day (Wednesday, 3rd Jul 2024) from $1.71 to $1.64. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 7.41% from a day low at $1.62 to a day high of $1.74. The price has fallen in 7 of the last 10 days and is down by -22.27% for this period. 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 -47 thousand shares and in total, 21 thousand shares were bought and sold for approximately $34.70 thousand.
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 $1.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.91% during the next 3 months and, with a 90% probability hold a price between $1.40 and $2.39 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ENTX Signals & Forecast
There are few to no technical positive signals at the moment. The Entera Bio Ltd. 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 $1.81 and $2.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -44.97%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Entera Bio Ltd. 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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.120 between high and low, or 7.41%. For the last week the stock has had daily average volatility of 10.15%.
Entera Bio Ltd. 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: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENTX) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Entera Bio Ltd. to open at $1.67, and during the day (based on 14 day Average True Range), to move between $1.47 and $1.81, which gives a possible trading interval of +/-$0.171 (+/-10.44%) up or down from last closing price. If Entera Bio Ltd. takes out the full calculated possible swing range there will be an estimated 20.88% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.95, some $0.310 (18.90%) from the current price of $1.64, our system finds the risk reward not very attractive.
Is Entera Bio Ltd. stock A Buy?
Entera Bio Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.101 Strong Sell Candidate Downgraded
Predicted Opening Price for Entera Bio Ltd. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $1.67 ( 1.63%) | $1.64 |
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 | |
|---|---|---|
| R3 | 1.79 | 8.94% |
| R2 | 1.74 | 6.15% |
| R1 | 1.71 | 4.42% |
| Price | 1.64 | |
| S1 | 1.62 | -1.17% |
| S2 | 1.59 | -2.90% |
| S3 | 1.55 | -5.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.01 | 22.56% |
| R2 | 1.99 | 21.04% |
| R1 | 1.95 | 18.90% |
| Price | 1.64 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Entera Bio Ltd. Stock.
