Immuneering Corporation Stock Forecast
High volatility in Immuneering Corporation stock price on Friday which ended trading at $1.80
(Updated on Apr 19, 2024)
The Immuneering Corporation stock price gained 1.69% on the last trading day (Friday, 19th Apr 2024), rising from $1.77 to $1.80. During the last trading day the stock fluctuated 16.67% from a day low at $1.56 to a day high of $1.82. The price has been going up and down for this period, and there has been a -17.81% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 341 thousand more shares were traded than the day before. In total, 515 thousand shares were bought and sold for approximately $927.88 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 $1.68 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -58.98% during the next 3 months and, with a 90% probability hold a price between $0.689 and $1.62 at the end of this 3-month period. 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
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Immuneering Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 $1.91 and $3.31. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Immuneering Corporation stock
Immuneering Corporation finds support from accumulated volume at $1.77 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.260 between high and low, or 16.67%. For the last week, the stock has had daily average volatility of 10.71%.
Immuneering Corporation is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Immuneering Corporation to open at $1.73, and during the day (based on 14 day Average True Range), to move between $1.48 and $2.12, which gives a possible trading interval of +/-$0.318 (+/-17.65%) up or down from last closing price. If Immuneering Corporation takes out the full calculated possible swing range there will be an estimated 35.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.77 (1.67%) than the resistance at $1.91 (6.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Immuneering Corporation stock A Buy?
Immuneering Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.801 Sell Candidate Upgraded
Predicted Opening Price for Immuneering Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.73 ( 4.07%) | $1.80 |
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 | 1.99 | 10.37 % | |
| R2 | 1.89 | 4.85 % | ||
| R1 | 1.83 | 1.44 % | ||
| Current price: | 1.80 | |||
| Support | S1 | 1.63 | -9.59 % | |
| S2 | 1.57 | -13.00 % | ||
| S3 | 1.47 | -18.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.19 | 21.67 % | |
| R2 | 2.01 | 11.67 % | ||
| R1 | 1.91 | 6.11 % | ||
| Current price | 1.80 | |||
| Support | S1 | 1.77 | -1.67% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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