Immunic Inc. Stock Forecast
Is Immunic Inc. stock still a buy after falling -5.47% on Wednesday?
(Updated on Apr 17, 2024)
The Immunic Inc. stock price fell by -5.47% on the last day (Wednesday, 17th Apr 2024) from $1.28 to $1.21. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.61% from a day low at $1.21 to a day high of $1.29. The price has risen in 6 of the last 10 days but is still down by -0.82% 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 -84 thousand shares and in total, 181 thousand shares were bought and sold for approximately $218.94 thousand.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $1.25. A reaction back to this level may hold a second chance to get out before further falls.
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IMUX 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 Immunic Inc. 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 $1.33 and $1.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -15.97%. 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 Immunic Inc. stock
Immunic Inc. finds support from accumulated volume at $1.19 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 $0.0800 between high and low, or 6.61%. For the last week the stock has had daily average volatility of 7.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IMUX) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Immunic Inc. to open at $1.24, and during the day (based on 14 day Average True Range), to move between $1.12 and $1.30, which gives a possible trading interval of +/-$0.0911 (+/-7.53%) up or down from last closing price. If Immunic Inc. takes out the full calculated possible swing range there will be an estimated 15.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.22 (0.83%) than the support at $1.19 (1.65%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Immunic Inc. stock A Buy?
The Immunic Inc. stock holds several negative signals and despite the positive trend, we believe Immunic Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.219 Sell Candidate Unchanged
Predicted Opening Price for Immunic Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $1.24 ( 2.20%) | $1.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMUX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.32 | 8.82 % | |
| R2 | 1.29 | 6.29 % | ||
| R1 | 1.27 | 4.73 % | ||
| Current price: | 1.21 | |||
| Support | S1 | 1.21 | -0.322 % | |
| S2 | 1.19 | -1.88 % | ||
| S3 | 1.16 | -4.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.31 | 8.26 % | |
| R2 | 1.28 | 5.79 % | ||
| R1 | 1.22 | 0.83 % | ||
| Current price | 1.21 | |||
| Support | S1 | 1.19 | -1.65% | |
| S2 | 1.16 | -4.13% | ||
| S3 | 1.15 | -5.37% |
FAQ
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