Histogen Inc. Stock Forecast
Histogen Inc. stock upgraded to Hold/Accumulate.
(Updated on May 14, 2024)
No changes to the price of Histogen Inc. stock on the last trading day (Tuesday, 14th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.200 to a day high of $0.200. The price has been going up and down for this period, and there has been a -43.04% loss for the last 2 weeks.
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 -15.32% during the next 3 months and, with a 90% probability hold a price between $0.107 and $0.402 at the end of this 3-month period.
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HSTO Signals & Forecast
There are mixed signals in the stock today. The Histogen Inc. 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 $0.357. On a fall, the stock will find some support from the short-term average at $0.187. 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, May 03, 2024 and based on theory for this formation the price should go up by 135.93% to $0.472 within 10 trading days since signal was issued (Wednesday, May 15, 2024).
Support, Risk & Stop-loss for Histogen Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.160 and $0.150. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.150 may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Histogen Inc. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.191 (-4.60%) (This stock has low daily movements and this gives low risk. Low RSI14 is 20 which reduces the risk some. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HSTO) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Histogen Inc. to open at $0.200, and during the day (based on 14 day Average True Range), to move between $0.163 and $0.237, which gives a possible trading interval of +/-$0.0365 (+/-18.25%) up or down from last closing price. If Histogen Inc. takes out the full calculated possible swing range there will be an estimated 36.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.160, some $0.0400 (20.00%) from the current price of $0.200, our system finds the risk reward attractive.
Is Histogen Inc. stock A Buy?
Histogen Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Histogen Inc. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $0.200 ( 0.00000000%) | $0.200 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSTO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.200 | 0.00000000 % | |
| R2 | 0.200 | 0.00000000 % | ||
| R1 | 0.200 | 0.00000000 % | ||
| Current price: | 0.200 | |||
| Support | S1 | 0.200 | 0.00000000 % | |
| S2 | 0.200 | 0.00000000 % | ||
| S3 | 0.200 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.200 | |||
| Support | S1 | 0.160 | -20.00% | |
| S2 | 0.150 | -24.95% | ||
| S3 | 0 | . |
FAQ
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