Gossamer Bio Inc. Stock Forecast
A very red day for Gossamer Bio Inc. stock price after a -5.41% fall in the Thursday trading session
(Updated on Apr 25, 2024)
The Gossamer Bio Inc. stock price fell by -5.41% on the last day (Thursday, 25th Apr 2024) from $0.708 to $0.670. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 9.46% from a day low at $0.633 to a day high of $0.693. The price has fallen in 10 of the last 10 days and is down by -30.75% for this period. Volume has increased on the last day by 2 million 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, 2 million shares were bought and sold for approximately $1.66 million.
Given the current short-term trend, the stock is expected to fall -3.39% during the next 3 months and, with a 90% probability hold a price between $0.647 and $1.43 at the end of this 3-month period.
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GOSS Signals & Forecast
There are few to no technical positive signals at the moment. The Gossamer Bio Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.753 and $1.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -55.63%. 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.
Support, Risk & Stop-loss for Gossamer Bio Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0599 between high and low, or 9.46%. For the last week, the stock has had daily average volatility of 12.53%.
Gossamer Bio Inc. is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOSS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Gossamer Bio Inc. to open at $0.666, and during the day (based on 14 day Average True Range), to move between $0.579 and $0.761, which gives a possible trading interval of +/-$0.0909 (+/-13.57%) up or down from last closing price. If Gossamer Bio Inc. takes out the full calculated possible swing range there will be an estimated 27.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.738, some $0.0676 (10.09%) from the current price of $0.670, our system finds the risk reward not very attractive.
Is Gossamer Bio Inc. stock A Buy?
Gossamer Bio Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.009 Sell Candidate Unchanged
Predicted Opening Price for Gossamer Bio Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.666 ( 0.672%) | $0.670 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOSS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.725 | 8.27 % | |
| R2 | 0.703 | 4.85 % | ||
| R1 | 0.688 | 2.74 % | ||
| Current price: | 0.670 | |||
| Support | S1 | 0.643 | -4.09 % | |
| S2 | 0.628 | -6.20 % | ||
| S3 | 0.606 | -9.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 22.39 % | |
| R2 | 0.743 | 10.90 % | ||
| R1 | 0.738 | 10.09 % | ||
| Current price | 0.670 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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