Immunovia AB (publ) Stock Forecast
Immunovia AB (publ) stock price ended at kr1.40 on Friday, after gaining 2.79%.
(Updated on May 24, 2024)
The Immunovia AB (publ) stock price gained 2.79% on the last trading day (Friday, 24th May 2024), rising from kr1.36 to kr1.40. 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 7.74% from a day low at kr1.34 to a day high of kr1.45. The price has been going up and down for this period, and there has been a -15.38% loss for the last 2 weeks. Volume fell on the last day by -354 thousand shares and in total, 227 thousand shares were bought and sold for approximately kr317.48 thousand. 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr1.23 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.95% during the next 3 months and, with a 90% probability hold a price between kr1.40 and kr3.08 at the end of this 3-month period.
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IMMNOV.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Immunovia AB (publ) 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 kr1.73. On a fall, the stock will find some support from the short-term average at kr1.39. 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 Tuesday, April 09, 2024, and so far it has fallen -44.85%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Immunovia AB (publ) stock
Immunovia AB (publ) finds support from accumulated volume at kr1.36 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved kr0.104 between high and low, or 7.74%. For the last week the stock has had daily average volatility of 14.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IMMNOV.ST) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Immunovia AB (publ) to open at kr1.40, and during the day (based on 14 day Average True Range), to move between kr1.19 and kr1.61, which gives a possible trading interval of +/-kr0.209 (+/-14.96%) up or down from last closing price. If Immunovia AB (publ) takes out the full calculated possible swing range there will be an estimated 29.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr1.36 (2.72%) than the resistance at kr1.52 (9.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Immunovia AB (publ) stock A Buy?
The Immunovia AB (publ) stock holds several negative signals and despite the positive trend, we believe Immunovia AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.110 Sell Candidate Unchanged
Predicted Opening Price for Immunovia AB (publ) of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| kr1.40 ( 0.0954%) | kr1.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMMNOV.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.50 | 7.34 % | |
| R2 | 1.46 | 4.50 % | ||
| R1 | 1.44 | 2.75 % | ||
| Current price: | 1.40 | |||
| Support | S1 | 1.36 | -2.94 % | |
| S2 | 1.33 | -4.69 % | ||
| S3 | 1.29 | -7.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.70 | 21.32 % | |
| R2 | 1.60 | 14.74 % | ||
| R1 | 1.52 | 9.01 % | ||
| Current price | 1.40 | |||
| Support | S1 | 1.36 | -2.72% | |
| S2 | 1.33 | -4.86% | ||
| S3 | 1.22 | -13.02% |
FAQ
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