Estrella Immunopharma, Inc. Stock Forecast
Strong day for Estrella Immunopharma, Inc. stock price on Friday rising 6.91% to $0.94
(Updated on Jun 21, 2024)
The Estrella Immunopharma, Inc. stock price gained 6.91% on the last trading day (Friday, 21st Jun 2024), rising from $0.88 to $0.94. During the last trading day the stock fluctuated 5.90% from a day low at $0.92 to a day high of $0.97. The price has been going up and down for this period, and there has been a 0.79% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $15.18 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.97 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.16% during the next 3 months and, with a 90% probability hold a price between $0.608 and $0.739 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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ESLA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 15.86%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Estrella Immunopharma, 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 Estrella Immunopharma, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.98. On a fall, the stock will find some support from the short-term average at $0.90. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Estrella Immunopharma, Inc. stock
Estrella Immunopharma, Inc. finds support from accumulated volume at $0.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0540 between high and low, or 5.90%. For the last week, the stock has had daily average volatility of 8.67%.
Our recommended stop-loss: $0.90 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (ESLA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Estrella Immunopharma, Inc. to open at $0.94, and during the day (based on 14 day Average True Range), to move between $0.85 and $1.03, which gives a possible trading interval of +/-$0.0891 (+/-9.47%) up or down from last closing price. If Estrella Immunopharma, Inc. takes out the full calculated possible swing range there will be an estimated 18.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.93 (1.15%) than the resistance at $1.03 (9.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Estrella Immunopharma, Inc. stock A Buy?
Estrella Immunopharma, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.690 Hold/Accumulate Upgraded
Predicted Opening Price for Estrella Immunopharma, Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.94 ( 0.0850%) | $0.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESLA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 5.82% |
| R2 | 0.97 | 3.63% |
| R1 | 0.96 | 2.28% |
| Price | 0.94 | |
| S1 | 0.92 | -2.11% |
| S2 | 0.91 | -3.46% |
| S3 | 0.89 | -5.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.07 | 13.73% |
| R2 | 1.05 | 11.61% |
| R1 | 1.03 | 9.48% |
| Price | 0.94 | |
| S1 | 0.93 | -1.15% |
| S2 | 0.92 | -2.21% |
| S3 | 0.88 | -6.46% |
FAQ
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