Heron Therapeutics Stock Forecast

Sell candidate since Nov 12, 2024 Loss -4.69%

The Heron Therapeutics stock price gained 2.52% on the last trading day (Monday, 2nd Dec 2024), rising from $1.19 to $1.22. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.15% from a day low at $1.20 to a day high of $1.25. The price has risen in 6 of the last 10 days and is up by 2.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 458 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.51 million.

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 -31.74% during the next 3 months and, with a 90% probability hold a price between $0.673 and $1.14 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.

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HRTX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, November 21, 2024, and so far it has risen 15.09%. Further rise is indicated until a new top pivot has been found. 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 Heron Therapeutics 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 $1.55. On a fall, the stock will find some support from the short-term average at $1.13. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Heron Therapeutics stock

Heron Therapeutics finds support from accumulated volume at $1.21 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 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 $0.0498 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 6.59%.

Heron Therapeutics is oversold on RSI14 (22). Some stock may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (HRTX) For The Upcoming Trading Day Of Tuesday 3rd

For the upcoming trading day on Tuesday, 3rd we expect Heron Therapeutics to open at $1.22, and during the day (based on 14 day Average True Range), to move between $1.11 and $1.33, which gives a possible trading interval of +/-$0.113 (+/-9.28%) up or down from last closing price. If Heron Therapeutics takes out the full calculated possible swing range there will be an estimated 18.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.21 (0.82%) than the resistance at $1.24 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Heron Therapeutics stock A Buy?

Heron Therapeutics 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: -3.692 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 3, 2024 - $1.22 ( 0.268%).