HCW Biologics Inc. Stock Forecast
High volatility in HCW Biologics Inc. stock price on Monday which ended trading at $1.28
(Updated on May 06, 2024)
The HCW Biologics Inc. stock price fell by -3.76% on the last day (Monday, 6th May 2024) from $1.33 to $1.28. During the last trading day the stock fluctuated 11.02% from a day low at $1.27 to a day high of $1.41. The price has fallen in 8 of the last 10 days and is down by -21.47% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -756 shares and in total, 5 thousand shares were bought and sold for approximately $6.35 thousand.
Given the current short-term trend, the stock is expected to rise 18.07% during the next 3 months and, with a 90% probability hold a price between $1.51 and $2.28 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HCWB Signals & Forecast
There are few to no technical positive signals at the moment. The HCW Biologics 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 $1.36 and $1.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -27.68%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for HCW Biologics Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.20 and $1.18. 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, HCW Biologics Inc. finds support just below today's level at $1.20. If this is broken, then the next support from accumulated volume will be at $1.18 and $1.13.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.140 between high and low, or 11.02%. For the last week the stock has had daily average volatility of 10.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HCWB) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect HCW Biologics Inc. to open at $1.32, and during the day (based on 14 day Average True Range), to move between $1.15 and $1.41, which gives a possible trading interval of +/-$0.129 (+/-10.11%) up or down from last closing price. If HCW Biologics Inc. takes out the full calculated possible swing range there will be an estimated 20.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.20 (6.25%) than the resistance at $1.44 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
HCW Biologics Inc. will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for HCW Biologics Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.65% in the first trading day after earnings release.
Is HCW Biologics Inc. stock A Buy?
The HCW Biologics Inc. stock holds several negative signals and despite the positive trend, we believe HCW Biologics Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.412 Sell Candidate Unchanged
Predicted Opening Price for HCW Biologics Inc. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$1.32 ( 3.13%) | $1.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCWB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.46 | 14.06 % | |
R2 | 1.41 | 9.88 % | ||
R1 | 1.37 | 7.30 % | ||
Current price: | 1.28 | |||
Support | S1 | 1.27 | -1.05 % | |
S2 | 1.23 | -3.63 % | ||
S3 | 1.18 | -7.81 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.53 | 19.53 % | |
R2 | 1.48 | 15.63 % | ||
R1 | 1.44 | 12.50 % | ||
Current price | 1.28 | |||
Support | S1 | 1.20 | -6.25% | |
S2 | 1.18 | -7.81% | ||
S3 | 1.13 | -12.09% |
FAQ
Click here for our free guide on how to buy HCW Biologics Inc. Stock.