Estrella Immunopharma, Inc. Stock Forecast

On Tuesday, Estrella Immunopharma, Inc. stock price gained an impressive 33.14%
(Updated on Jun 25, 2024)

ESLAW Signals & Forecast

The Estrella Immunopharma, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0476 and $0.0480. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 88.09%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Estrella Immunopharma, Inc. stock

Estrella Immunopharma, Inc. finds support from accumulated volume at $0.0664 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 $0.0006 between high and low, or 0.89%. For the last week, the stock has had daily average volatility of 0.178%.

Our recommended stop-loss: $0.0653 (-3.82%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (ESLAW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Estrella Immunopharma, Inc. to open at $0.0677, and during the day (based on 14 day Average True Range), to move between $0.0544 and $0.0814, which gives a possible trading interval of +/-$0.0135 (+/-19.82%) up or down from last closing price. If Estrella Immunopharma, Inc. takes out the full calculated possible swing range there will be an estimated 39.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0691 (1.77%) than the support at $0.0664 (2.14%), 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 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Estrella Immunopharma, Inc. of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.