Inovio Pharmaceuticals Stock Forecast
Inovio Pharmaceuticals stock price down 0.344% on Thursday
(Updated on Apr 25, 2024)
The Inovio Pharmaceuticals stock price fell by -0.344% on the last day (Thursday, 25th Apr 2024) from $10.16 to $10.13. During the last trading day the stock fluctuated 3.95% from a day low at $9.74 to a day high of $10.13. The price has fallen in 7 of the last 10 days and is down by -13.9% 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 -96 thousand shares and in total, 151 thousand shares were bought and sold for approximately $1.53 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 70.27% during the next 3 months and, with a 90% probability hold a price between $17.20 and $27.06 at the end of this 3-month period.
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INO Signals & Forecast
There are few to no technical positive signals at the moment. The Inovio Pharmaceuticals 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 $10.23 and $11.23. 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 -27.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Inovio Pharmaceuticals stock
Inovio Pharmaceuticals finds support from accumulated volume at $9.87 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.385 between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 7.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Inovio Pharmaceuticals to open at $10.00, and during the day (based on 14 day Average True Range), to move between $9.14 and $11.11, which gives a possible trading interval of +/-$0.98 (+/-9.72%) up or down from last closing price. If Inovio Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 19.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.18 (0.54%) than the support at $9.87 (2.52%), 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 Inovio Pharmaceuticals stock A Buy?
The Inovio Pharmaceuticals stock holds several negative signals and despite the positive trend, we believe Inovio Pharmaceuticals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.585 Sell Candidate Unchanged
Predicted Opening Price for Inovio Pharmaceuticals of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $10.00 ( 1.27%) | $10.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.38 | 2.53 % | |
| R2 | 10.23 | 1.08 % | ||
| R1 | 10.14 | 0.185 % | ||
| Current price: | 10.13 | |||
| Support | S1 | 9.85 | -2.72 % | |
| S2 | 9.76 | -3.62 % | ||
| S3 | 9.61 | -5.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.04 | 18.91 % | |
| R2 | 11.25 | 11.11 % | ||
| R1 | 10.18 | 0.543 % | ||
| Current price | 10.13 | |||
| Support | S1 | 9.87 | -2.52% | |
| S2 | 9.64 | -4.84% | ||
| S3 | 9.03 | -10.81% |
INO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2017 | Sep 28, 2017 | Oct 16, 2017 | $0.0690 | 0.0926% |
| 2 | Aug 22, 2017 | Aug 29, 2017 | Sep 15, 2017 | $0.0690 | 0.0963% |
| 3 | Jul 25, 2017 | Jul 27, 2017 | Aug 15, 2017 | $0.0690 | 0.102% |
| 4 | Jun 23, 2017 | Jun 28, 2017 | Jul 17, 2017 | $0.0690 | 0.0740% |
FAQ
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