Gritstone Oncology Stock Forecast

Hold candidate since Oct 23, 2024

No changes to the price of Gritstone Oncology Inc. stock on the last trading day (Tuesday, 5th Nov 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0322 to a day high of $0.0322. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.

GRTS Signals & Forecast

There are mixed signals in the stock today. The Gritstone Oncology 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 $0.0322 and $0.215. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, October 21, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Gritstone Oncology 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.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $0.0303 (-6.00%) (This stock has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (GRTS) For The Upcoming Trading Day Of Wednesday 6th

For the upcoming trading day on Wednesday, 6th we expect Gritstone Oncology Inc. to open at $0.0322, and during the day (based on 14 day Average True Range), to move between $0.0228 and $0.0416, which gives a possible trading interval of +/-$0.0188 (+/-82.40%) up or down from last closing price. If Gritstone Oncology Inc. takes out the full calculated possible swing range there will be an estimated 82.40% move between the lowest and the highest trading price during the day.

Is Gritstone Oncology Inc. stock A Buy?

Gritstone Oncology 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 Fair Opening Price

Predicted fair opening price on November 6, 2024 - $0.0322 ( 0%).

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