Geron Corporation Stock Forecast
Strong day for Geron Corporation stock price on Friday rising 6.46% to $3.79
(Updated on Apr 26, 2024)
The Geron Corporation stock price gained 6.46% on the last trading day (Friday, 26th Apr 2024), rising from $3.56 to $3.79. During the last trading day the stock fluctuated 7.72% from a day low at $3.56 to a day high of $3.84. The price has risen in 6 of the last 10 days and is up by 4.12% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 8 million shares were bought and sold for approximately $29.77 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 102.48% during the next 3 months and, with a 90% probability hold a price between $5.80 and $8.91 at the end of this 3-month period.
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GERN Signals & Forecast
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 $3.65 and $3.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 116.57%. Further rise is indicated until a new top pivot has been found. 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. 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 Geron Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.44 and $3.36. 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 $3.44. If this is broken, then the next support from accumulated volume will be at $3.36 and $3.26.
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 $0.275 between high and low, or 7.72%. For the last week, the stock has had daily average volatility of 6.99%.
Our recommended stop-loss: $3.67 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (GERN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Geron Corporation to open at $3.73, and during the day (based on 14 day Average True Range), to move between $3.54 and $4.04, which gives a possible trading interval of +/-$0.248 (+/-6.55%) up or down from last closing price. If Geron Corporation takes out the full calculated possible swing range there will be an estimated 13.10% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $3.44, some $0.350 (9.23%) from the current price of $3.79, our system finds the risk reward attractive.
Is Geron Corporation stock A Buy?
Geron Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.145 Strong Buy Candidate Upgraded
Predicted Opening Price for Geron Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.73 ( 1.63%) | $3.79 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 4.00 | 5.63 % | |
| R2 | 3.90 | 2.86 % | ||
| R1 | 3.83 | 1.14 % | ||
| Current price: | 3.79 | |||
| Support | S1 | 3.62 | -4.40 % | |
| S2 | 3.56 | -6.11 % | ||
| S3 | 3.45 | -8.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.79 | |||
| Support | S1 | 3.44 | -9.23% | |
| S2 | 3.36 | -11.35% | ||
| S3 | 3.26 | -13.98% |
FAQ
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