In8bio, Inc. Stock Forecast

Volatile ride for In8bio, Inc. stock price on Monday moving between $0.95 and $1.15
(Updated on Jun 17, 2024)

INAB 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 In8bio, Inc. 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 $1.33 and $1.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -40.48%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for In8bio, Inc. stock

In8bio, Inc. finds support from accumulated volume at $1.00 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 $0.200 between high and low, or 21.05%. For the last week, the stock has had daily average volatility of 20.91%.

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

Trading Expectations (INAB) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect In8bio, Inc. to open at $1.03, and during the day (based on 14 day Average True Range), to move between $0.81 and $1.19, which gives a possible trading interval of +/-$0.190 (+/-19.04%) up or down from last closing price. If In8bio, Inc. takes out the full calculated possible swing range there will be an estimated 38.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.00 (0.01%) than the resistance at $1.09 (9.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is In8bio, Inc. stock A Buy?

The In8bio, Inc. stock holds several negative signals and despite the positive trend, we believe In8bio, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.383 Sell Candidate Unchanged

Predicted Opening Price for In8bio, Inc. of Tuesday, June 18, 2024

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