Galapagos NV Stock Forecast
Galapagos NV stock upgraded to Buy Candidate.
(Updated on May 26, 2023)
The Galapagos NV stock price fell by -0.603% on the last day (Friday, 26th May 2023) from $43.14 to $42.88. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.26% from a day low at $42.87 to a day high of $43.41. The price has been going up and down for this period, and there has been a 5.85% gain for the last 2 weeks. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 92 thousand shares were bought and sold for approximately $3.94 million.
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The stock lies in the middle of a 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 16.34% during the next 3 months and, with a 90% probability hold a price between $46.54 and $52.26 at the end of this 3-month period.
GLPG Signals & Forecast
A sell signal was issued from a pivot top point on Monday, May 22, 2023, and so far it has fallen -3.68%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Galapagos NV stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $43.82. On a fall, the stock will find some support from the long-term average at approximately $40.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The stock had a Golden Star Signal on Monday, April 10, 2023 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, April 10, 2023 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Galapagos NV stock
On the downside, the stock finds support just below today's level from accumulated volume at $38.81 and $37.63. 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, Galapagos NV finds support just below today's level at $38.81. If this is broken, then the next support from accumulated volume will be at $37.63 and $37.08.
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 $0.540 between high and low, or 1.26%. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $41.13 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (GLPG) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Galapagos NV to open at $43.05, and during the day (based on 14 day Average True Range), to move between $41.69 and $44.07, which gives a possible trading interval of +/-$1.19 (+/-2.78%) up or down from last closing price. If Galapagos NV takes out the full calculated possible swing range there will be an estimated 5.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.89 (0.02%) than the support at $38.81 (9.49%), 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 Galapagos NV stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.324 Open Broker Account
Buy Candidate UpgradedPredicted Opening Price for Galapagos NV of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Fair opening price May 30, 2023 | Current price |
---|---|
$43.05 | $42.88 (Undervalued) |
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Trading levels for GLPG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.59 | 1.66 % | |
R2 | 43.39 | 1.18 % | ||
R1 | 43.26 | 0.89 % | ||
Current price: | 42.88 | |||
Support | S1 | 42.85 | -0.0768 % | |
S2 | 42.72 | -0.374 % | ||
S3 | 42.51 | -0.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44.17 | 3.01 % | |
R2 | 43.81 | 2.17 % | ||
R1 | 42.89 | 0.0233 % | ||
Current price | 42.88 | |||
Support | S1 | 38.81 | -9.49% | |
S2 | 37.63 | -12.24% | ||
S3 | 37.08 | -13.53% |
FAQ
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About Galapagos NV
Galapagos NV, an integrated biopharmaceutical company, engages in the discovery, development, and commercialization of various medicines for high unmet medical need. Its pipeline products include filgotinib, a JAK1 inhibitor that is in various phases of clinical trials for the treatment of rheumatoid arthritis, Crohn's disease, ulcerative colitis, small bowel CD, fistulizing CD, ankylosing spondylitis, psoriatic arthritis, and uveitis. The compan... GLPG Profile
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