Green day on Friday for Imprimis Pharmaceuticals stock after gaining 1.5560165975104%
(Updated on Dec 08, 2023)
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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. Given the current short-term trend, the stock is expected to fall -36.67% during the next 3 months and, with a 90% probability hold a price between $3.99 and $7.73 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
HROW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, November 15, 2023, and so far it has risen 20.86%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Imprimis Pharmaceuticals stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.34. On a fall, the stock will find some support from the short-term average at $9.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
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Support, Risk & Stop-loss for Imprimis Pharmaceuticals stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.60 and $8.21. 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, Imprimis Pharmaceuticals finds support just below today's level at $8.60. If this is broken, then the next support from accumulated volume will be at $8.21 and $8.10.
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 $0.270 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HROW) For The Upcoming Trading Day Of Monday 11th
For the upcoming trading day on Monday, 11th we expect Imprimis Pharmaceuticals to open at $9.77, and during the day (based on 14 day Average True Range), to move between $9.19 and $10.39, which gives a possible trading interval of +/-$0.596 (+/-6.09%) up or down from last closing price. If Imprimis Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 12.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $8.60, some $1.19 (12.16%) from the current price of $9.79, our system finds the risk reward attractive.
Is Imprimis Pharmaceuticals stock A Buy?
Imprimis Pharmaceuticals 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: -1.358 Open Broker AccountSell Candidate Unchanged
Predicted Opening Price for Imprimis Pharmaceuticals of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price December 11, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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