Immunicum AB (publ) Stock Forecast

Immunicum AB (publ) stock price down 0.445% on Friday
(Updated on May 17, 2024)

IMMU.ST Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Immunicum AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr0.458 and kr0.478. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Immunicum AB (publ) stock

Immunicum AB (publ) finds support from accumulated volume at kr0.440 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 kr0.0195 between high and low, or 4.54%. For the last week the stock has had daily average volatility of 6.75%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IMMU.ST) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Immunicum AB (publ) to open at kr0.442, and during the day (based on 14 day Average True Range), to move between kr0.418 and kr0.476, which gives a possible trading interval of +/-kr0.0291 (+/-6.52%) up or down from last closing price. If Immunicum AB (publ) takes out the full calculated possible swing range there will be an estimated 13.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr0.440 (1.68%) than the resistance at kr0.477 (6.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Immunicum AB (publ) stock A Buy?

Immunicum AB (publ) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.902 Sell Candidate Unchanged

Predicted Opening Price for Immunicum AB (publ) of Monday, May 20, 2024

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