Immuneering Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in Immuneering Corporation stock price on Thursday moving 10.20% between high and low
(Updated on Apr 25, 2024)
The Immuneering Corporation stock price fell by -4.67% on the last day (Thursday, 25th Apr 2024) from $1.50 to $1.43. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 10.20% from a day low at $1.40 to a day high of $1.54. The price has fallen in 7 of the last 10 days and is down by -31.25% 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 -95 thousand shares and in total, 375 thousand shares were bought and sold for approximately $536.23 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.49 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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IMRX 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 Immuneering Corporation 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 $1.67 and $2.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -50.52%. 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 Immuneering Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.143 between high and low, or 10.20%. For the last week the stock has had daily average volatility of 10.62%.
Immuneering Corporation is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IMRX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Immuneering Corporation to open at $1.46, and during the day (based on 14 day Average True Range), to move between $1.16 and $1.70, which gives a possible trading interval of +/-$0.274 (+/-19.16%) up or down from last closing price. If Immuneering Corporation takes out the full calculated possible swing range there will be an estimated 38.32% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.50, some $0.0700 (4.90%) from the current price of $1.43, our system finds the risk reward not very attractive.
Earnings coming up
Immuneering Corporation will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.450. We will update the financials statements for Immuneering Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.12% in the first trading day after earnings release.
Is Immuneering Corporation stock A Buy?
Immuneering Corporation holds several negative signals and is within a very 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: -5.244 Strong Sell Candidate Unchanged
Predicted Opening Price for Immuneering Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.46 ( 1.93%) | $1.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMRX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.60 | 11.92 % | |
| R2 | 1.55 | 8.10 % | ||
| R1 | 1.51 | 5.74 % | ||
| Current price: | 1.43 | |||
| Support | S1 | 1.40 | -1.88 % | |
| S2 | 1.37 | -4.24 % | ||
| S3 | 1.31 | -8.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.72 | 20.28 % | |
| R2 | 1.63 | 13.99 % | ||
| R1 | 1.50 | 4.90 % | ||
| Current price | 1.43 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Immuneering Corporation Stock.
