RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IBIO
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Big movements in Ibio Inc stock price on Wednesday moving 75.22% between high and low
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Ibio Inc stock price gained 192.17% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.15 to $3.36. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 75.22% from a day low at $2.30 to a day high of $4.03. The price has risen in 7 of the last 10 days and is up by 189.66% 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, 167 million more shares were traded than the day before. In total, 167 million shares were bought and sold for approximately $560.48 million.

The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $1.28, a level that may pose a second chance to hit a runner.

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IBIO Signals & Forecast

The Ibio Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.42 and $1.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 220.00%. 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.

Support, Risk & Stop-loss for Ibio Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $1.73 between high and low, or 75.22%. For the last week, the stock has had daily average volatility of 17.56%.

The Ibio Inc stock is extremely overbought on RSI14 (95). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Ibio Inc has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $3.26 (-3.10%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (IBIO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Ibio Inc to open at $3.23, and during the day (based on 14 day Average True Range), to move between $3.11 and $3.61, which gives a possible trading interval of +/-$0.253 (+/-7.52%) up or down from last closing price. If Ibio Inc takes out the full calculated possible swing range there will be an estimated 15.05% move between the lowest and the highest trading price during the day.

Is Ibio Inc stock A Buy?

Ibio 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 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 Ibio Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3.23 ( 3.87%) $3.36

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for IBIO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.96 47.62 %
R2 4.30 27.95 %
R1 3.89 15.80 %
Current price: 3.36
Support S1 2.57 -23.54 %
S2 2.16 -35.69 %
S3 1.50 -55.36 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 3.36
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Ibio Inc Stock and on which exchange is it traded?
The symbol for Ibio Inc is IBIO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Ibio Inc Stock?
Ibio 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 Sell to a Hold/Accumulate candidate.

How to buy Ibio Inc Stock?
Ibio Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ibio Inc Stock.

What's the current price of Ibio Inc Stock?
As of the end of day on the 2024-03-27, the price of an Ibio Inc (IBIO) share was $3.36.

What is the 52-week high and low for Ibio Inc Stock?
The 52-week high for Ibio Inc Stock is $4.49 and the 52-week low is $0.200.

What is the market capitalization of Ibio Inc Stock?
As of the 2024-03-27, the market capitalization of Ibio Inc is 4.007M.

When is the next earnings date for Ibio Inc?
The upcoming earnings date for Ibio Inc is May 10, 2024.
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About Ibio Inc

Ibio iBio, Inc., a biotechnology company, provides contract development and manufacturing services to collaborators and third-party customers in the United States. The company operates in two segments: Biopharmaceuticals and Bioprocessing. Its lead therapeutic candidate is IBIO-100 that is being advanced for investigational new drug development for the treatment of systemic scleroderma and idiopathic pulmonary fibrosis. The company is also developing ... IBIO Profile

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