Immunovia AB (publ) Stock Forecast
Big movements in Immunovia AB (publ) stock price on Friday moving 13.22% between high and low
(Updated on May 10, 2024)
The Immunovia AB (publ) stock price fell by -4.73% on the last day (Friday, 10th May 2024) from kr1.73 to kr1.65. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 13.22% from a day low at kr1.63 to a day high of kr1.85. The price has fallen in 7 of the last 10 days and is down by -21.33% for this period. Volume has increased on the last day by 288 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 387 thousand shares were bought and sold for approximately kr639.99 thousand.
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 kr1.53 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 20.04% during the next 3 months and, with a 90% probability hold a price between kr1.84 and kr3.23 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr1.82 and kr1.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -34.83%. 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). Immunovia AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Immunovia AB (publ) stock
Immunovia AB (publ) finds support from accumulated volume at kr1.63 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 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 kr0.216 between high and low, or 13.22%. For the last week, the stock has had daily average volatility of 7.52%.
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 13th
For the upcoming trading day on Monday, 13th we expect Immunovia AB (publ) to open at kr1.71, and during the day (based on 14 day Average True Range), to move between kr1.41 and kr1.89, which gives a possible trading interval of +/-kr0.242 (+/-14.64%) up or down from last closing price. If Immunovia AB (publ) takes out the full calculated possible swing range there will be an estimated 29.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr1.63 (1.57%) than the resistance at kr1.82 (10.17%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.802 Strong Sell Candidate Downgraded
Predicted Opening Price for Immunovia AB (publ) of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr1.71 ( 3.63%) | kr1.65 |
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 | 1.93 | 16.71 % | |
| R2 | 1.85 | 11.71 % | ||
| R1 | 1.79 | 8.63 % | ||
| Current price: | 1.65 | |||
| Support | S1 | 1.63 | -1.36 % | |
| S2 | 1.58 | -4.45 % | ||
| S3 | 1.50 | -9.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.98 | 19.85 % | |
| R2 | 1.84 | 11.62 % | ||
| R1 | 1.82 | 10.17 % | ||
| Current price | 1.65 | |||
| Support | S1 | 1.63 | -1.57% | |
| S2 | 1.60 | -2.91% | ||
| S3 | 1.33 | -19.49% |
FAQ
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