Ikena Oncology, Inc. Stock Forecast
Ikena Oncology, Inc. stock price down 2.26% on Monday
(Updated on Apr 22, 2024)
The Ikena Oncology, Inc. stock price fell by -2.26% on the last day (Monday, 22nd Apr 2024) from $1.33 to $1.30. During the last trading day the stock fluctuated 8.66% from a day low at $1.27 to a day high of $1.38. The price has fallen in 6 of the last 10 days and is down by -1.52% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -98 thousand shares and in total, 234 thousand shares were bought and sold for approximately $304.31 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.24 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.24% during the next 3 months and, with a 90% probability hold a price between $1.21 and $1.55 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IKNA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ikena Oncology, 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 $1.41. On a fall, the stock will find some support from the short-term average at $1.29. 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 Friday, April 19, 2024, and so far it has fallen -2.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Ikena Oncology, Inc. stock
Ikena Oncology, Inc. finds support from accumulated volume at $1.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.110 between high and low, or 8.66%. For the last week the stock has had daily average volatility of 7.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IKNA) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Ikena Oncology, Inc. to open at $1.32, and during the day (based on 14 day Average True Range), to move between $1.20 and $1.40, which gives a possible trading interval of +/-$0.105 (+/-8.04%) up or down from last closing price. If Ikena Oncology, Inc. takes out the full calculated possible swing range there will be an estimated 16.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.29 (0.77%) than the resistance at $1.39 (6.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ikena Oncology, Inc. stock A Buy?
Ikena Oncology, Inc. 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: -4.030 Sell Candidate Unchanged
Predicted Opening Price for Ikena Oncology, Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $1.32 ( 1.28%) | $1.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IKNA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.43 | 9.74 % | |
| R2 | 1.38 | 6.51 % | ||
| R1 | 1.36 | 4.51 % | ||
| Current price: | 1.30 | |||
| Support | S1 | 1.27 | -1.95 % | |
| S2 | 1.25 | -3.95 % | ||
| S3 | 1.21 | -7.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.52 | 16.92 % | |
| R2 | 1.46 | 12.31 % | ||
| R1 | 1.39 | 6.92 % | ||
| Current price | 1.30 | |||
| Support | S1 | 1.29 | -0.769% | |
| S2 | 1.28 | -1.54% | ||
| S3 | 1.27 | -2.31% |
FAQ
Click here for our free guide on how to buy Ikena Oncology, Inc. Stock.
