Hookipa Pharma Inc. Stock Forecast
Evaluation of Hookipa Pharma Inc. stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The Hookipa Pharma Inc. stock price fell by -4.17% on the last day (Friday, 19th Apr 2024) from $0.765 to $0.733. During the last trading day the stock fluctuated 9.37% from a day low at $0.731 to a day high of $0.800. The price has fallen in 7 of the last 10 days and is down by -2.69% for this period. Volume has increased on the last day by 246 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, 415 thousand shares were bought and sold for approximately $304.33 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.727 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.97% during the next 3 months and, with a 90% probability hold a price between $0.87 and $1.04 at the end of this 3-month period.
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HOOK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hookipa Pharma Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.775 and $0.758. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -13.76%. Further fall is indicated until a new bottom pivot has been found. Hookipa Pharma Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Hookipa Pharma Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.665 and $0.640. 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, Hookipa Pharma Inc. finds support just below today's level at $0.665. If this is broken, then the next support from accumulated volume will be at $0.640 and $0.630.
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 $0.0685 between high and low, or 9.37%. For the last week, the stock has had daily average volatility of 12.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HOOK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Hookipa Pharma Inc. to open at $0.755, and during the day (based on 14 day Average True Range), to move between $0.666 and $0.800, which gives a possible trading interval of +/-$0.0669 (+/-9.13%) up or down from last closing price. If Hookipa Pharma Inc. takes out the full calculated possible swing range there will be an estimated 18.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.760 (3.68%) than the support at $0.665 (9.28%), 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 Hookipa Pharma Inc. stock A Buy?
The Hookipa Pharma Inc. stock holds several negative signals and despite the positive trend, we believe Hookipa Pharma Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.883 Sell Candidate Downgraded
Predicted Opening Price for Hookipa Pharma Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.755 ( 2.97%) | $0.733 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOOK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 12.31 % | |
| R2 | 0.797 | 8.74 % | ||
| R1 | 0.781 | 6.54 % | ||
| Current price: | 0.733 | |||
| Support | S1 | 0.729 | -0.600 % | |
| S2 | 0.712 | -2.81 % | ||
| S3 | 0.686 | -6.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.85 | 15.96 % | |
| R2 | 0.80 | 9.14 % | ||
| R1 | 0.760 | 3.68 % | ||
| Current price | 0.733 | |||
| Support | S1 | 0.665 | -9.28% | |
| S2 | 0.640 | -12.67% | ||
| S3 | 0.630 | -14.05% |
FAQ
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