Geron Corporation Stock Forecast
Geron Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jul 03, 2024)
The Geron Corporation stock price gained 4.56% on the last trading day (Wednesday, 3rd Jul 2024), rising from $4.17 to $4.36. During the last trading day the stock fluctuated 5.00% from a day low at $4.20 to a day high of $4.41. The price has fallen in 7 of the last 10 days and is down by -2.9% for this period. Volume fell on the last day by -3 million shares and in total, 3 million shares were bought and sold for approximately $13.98 million. 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 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 27.65% during the next 3 months and, with a 90% probability hold a price between $4.81 and $6.83 at the end of this 3-month period.
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GERN Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -14.34%. 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). The Geron Corporation 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 $4.36 and $4.16. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Geron Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.14 and $3.93. 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, Geron Corporation finds support just below today's level at $4.14. If this is broken, then the next support from accumulated volume will be at $3.93 and $3.73.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.210 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 5.27%.
Our recommended stop-loss: $4.13 (-5.37%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (GERN) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Geron Corporation to open at $4.32, and during the day (based on 14 day Average True Range), to move between $4.10 and $4.62, which gives a possible trading interval of +/-$0.260 (+/-5.97%) up or down from last closing price. If Geron Corporation takes out the full calculated possible swing range there will be an estimated 11.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.14 (5.05%) than the resistance at $4.59 (5.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Geron Corporation 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 Geron Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.758 Buy Candidate Upgraded
Predicted Opening Price for Geron Corporation of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $4.32 ( 0.84%) | $4.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GERN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.53 | 3.98% |
| R2 | 4.45 | 2.14% |
| R1 | 4.40 | 1.00% |
| Price | 4.36 | |
| S1 | 4.24 | -2.68% |
| S2 | 4.19 | -3.82% |
| S3 | 4.11 | -5.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.09 | 16.74% |
| R2 | 5.04 | 15.60% |
| R1 | 4.59 | 5.28% |
| Price | 4.36 | |
| S1 | 4.14 | -5.05% |
| S2 | 3.93 | -9.86% |
| S3 | 3.73 | -14.45% |
FAQ
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