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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 IGMS
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Volatile ride for IGM Biosciences, Inc. stock price on Friday moving between $7.41 and $9.48
(Updated on Apr 26, 2024)

Buy candidate since Apr 26, 2024 PDF

The IGM Biosciences, Inc. stock price gained 22.88% on the last trading day (Friday, 26th Apr 2024), rising from $7.65 to $9.40. During the last trading day the stock fluctuated 27.94% from a day low at $7.41 to a day high of $9.48. The price has fallen in 6 of the last 10 days but is still up by 2.62% over the past 2 weeks. Volume fell on the last day by -79 thousand shares and in total, 467 thousand shares were bought and sold for approximately $4.39 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 -34.38% during the next 3 months and, with a 90% probability hold a price between $4.16 and $8.10 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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IGMS Signals & Forecast

Mostly positive signals in the chart today. The IGM Biosciences, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.72 and $9.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 39.26%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for IGM Biosciences, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $8.68 and $7.96. 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, IGM Biosciences, Inc. finds support just below today's level at $8.68. If this is broken, then the next support from accumulated volume will be at $7.96 and $7.65.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.07 between high and low, or 27.94%. For the last week, the stock has had daily average volatility of 16.83%.

Our recommended stop-loss: $9.08 (-3.42%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (IGMS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect IGM Biosciences, Inc. to open at $8.76, and during the day (based on 14 day Average True Range), to move between $8.41 and $10.39, which gives a possible trading interval of +/-$0.99 (+/-10.52%) up or down from last closing price. If IGM Biosciences, Inc. takes out the full calculated possible swing range there will be an estimated 21.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.95 (5.85%) than the support at $8.68 (7.66%), 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 IGM Biosciences, Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.941 Buy Candidate Upgraded

Predicted Opening Price for IGM Biosciences, Inc. of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
$8.76 ( 6.77%) $9.40

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

Trading levels for IGMS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.83 15.25 %
R2 10.04 6.84 %
R1 9.55 1.64 %
Current price: 9.40
Support S1 7.97 -15.19 %
S2 7.48 -20.38 %
S3 6.69 -28.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.64 13.19 %
R2 10.45 11.17 %
R1 9.95 5.85 %
Current price 9.40
Support S1 8.68 -7.66%
S2 7.96 -15.32%
S3 7.65 -18.62%

FAQ

What is the symbol for IGM Biosciences, Inc. Stock and on which exchange is it traded?
The symbol for IGM Biosciences, Inc. is IGMS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell IGM Biosciences, Inc. Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy IGM Biosciences, Inc. Stock?
IGM Biosciences, 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 IGM Biosciences, Inc. Stock.

What's the current price of IGM Biosciences, Inc. Stock?
As of the end of day on the Apr 26, 2024, the price of an IGM Biosciences, Inc. (IGMS) share was $9.40.

What is the 52-week high and low for IGM Biosciences, Inc. Stock?
The 52-week high for IGM Biosciences, Inc. Stock is $17.70 and the 52-week low is $3.81.

What is the market capitalization of IGM Biosciences, Inc. Stock?
As of the Apr 26, 2024, the market capitalization of IGM Biosciences, Inc. is 554.107M.

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

IGM Biosciences. IGM Biosciences, Inc., a biotechnology company, develops Immunoglobulin M (IgM) antibodies for the treatment of cancer, infectious diseases, and autoimmune and inflammatory diseases. The company's lead product candidate is IGM-2323, a bispecific IgM antibody that is in Phase 2 clinical trials to treat patients with relapsed/refractory B cell Non-Hodgkin's lymphoma (NHL). It is also developing IGM-8444, an IgM antibody, which is in Phase 1 clinica... IGMS Profile

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