Inmune Stock Forecast
Stronger technical forecast for Inmune stock price after Friday trading.
(Updated on Apr 26, 2024)
The Inmune stock price gained 4.15% on the last trading day (Friday, 26th Apr 2024), rising from $10.84 to $11.29. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.31% from a day low at $10.83 to a day high of $11.73. The price has been going up and down for this period, and there has been a 8.66% gain for the last 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 78 thousand shares were bought and sold for approximately $876.64 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $11.69 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -20.37% during the next 3 months and, with a 90% probability hold a price between $6.47 and $9.31 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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INMB Signals & Forecast
The Inmune stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $10.10 and $10.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 34.89%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Inmune stock
Inmune finds support from accumulated volume at $10.84 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.90 between high and low, or 8.31%. For the last week the stock has had daily average volatility of 12.93%.
Our recommended stop-loss: $10.91 (-3.38%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (INMB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Inmune Bio Inc. to open at $11.28, and during the day (based on 14 day Average True Range), to move between $10.40 and $12.18, which gives a possible trading interval of +/-$0.89 (+/-7.87%) up or down from last closing price. If Inmune Bio Inc. takes out the full calculated possible swing range there will be an estimated 15.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.84 (3.99%) than the resistance at $12.18 (7.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Inmune Bio Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.354 Buy Candidate Upgraded
Predicted Opening Price for Inmune Bio Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $11.28 ( 0.0590%) | $11.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.18 | 7.91 % | |
| R2 | 11.84 | 4.87 % | ||
| R1 | 11.63 | 2.99 % | ||
| Current price: | 11.29 | |||
| Support | S1 | 10.94 | -3.10 % | |
| S2 | 10.73 | -4.99 % | ||
| S3 | 10.38 | -8.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.00 | 24.00 % | |
| R2 | 13.11 | 16.12 % | ||
| R1 | 12.18 | 7.88 % | ||
| Current price | 11.29 | |||
| Support | S1 | 10.84 | -3.99% | |
| S2 | 10.63 | -5.89% | ||
| S3 | 10.36 | -8.24% |
FAQ
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