Galera Therapeutics, Inc. Stock Forecast

Galera Therapeutics, Inc. stock price ended at $0.190 on Wednesday, after gaining 1.88%.
(Updated on May 01, 2024)

GRTX Signals & Forecast

The Galera Therapeutics, Inc. 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 $0.190. On a fall, the stock will find some support from the long-term average at approximately $0.187. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Galera Therapeutics, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -8.53%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Galera Therapeutics, Inc. stock

Galera Therapeutics, Inc. finds support from accumulated volume at $0.186 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0062 between high and low, or 3.37%. For the last week, the stock has had daily average volatility of 12.46%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GRTX) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Galera Therapeutics, Inc. to open at $0.188, and during the day (based on 14 day Average True Range), to move between $0.167 and $0.212, which gives a possible trading interval of +/-$0.0227 (+/-11.94%) up or down from last closing price. If Galera Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 23.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.192 (1.16%) than the support at $0.186 (2.00%), 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 Galera Therapeutics, Inc. stock A Buy?

Galera Therapeutics, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.597 Sell Candidate Unchanged

Predicted Opening Price for Galera Therapeutics, Inc. of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.