Inovio Pharmaceuticals Stock Forecast
Inovio Pharmaceuticals stock price ended at $11.88 on Monday, after losing 1.82%.
(Updated on May 06, 2024)
The Inovio Pharmaceuticals stock price fell by -1.82% on the last day (Monday, 6th May 2024) from $12.10 to $11.88. During the last trading day the stock fluctuated 5.69% from a day low at $11.69 to a day high of $12.36. The price has risen in 6 of the last 10 days and is up by 18.56% over the past 2 weeks. 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 -35 thousand shares and in total, 261 thousand shares were bought and sold for approximately $3.10 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 41.67% during the next 3 months and, with a 90% probability hold a price between $14.11 and $22.48 at the end of this 3-month period.
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INO Signals & Forecast
The Inovio Pharmaceuticals stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.59 and $11.39. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -14.41%. 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 Inovio Pharmaceuticals stock
Inovio Pharmaceuticals finds support from accumulated volume at $11.51 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 $0.665 between high and low, or 5.69%. For the last week, the stock has had daily average volatility of 5.74%.
Our recommended stop-loss: $11.24 (-5.35%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (INO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Inovio Pharmaceuticals to open at $11.98, and during the day (based on 14 day Average True Range), to move between $10.99 and $12.77, which gives a possible trading interval of +/-$0.89 (+/-7.49%) up or down from last closing price. If Inovio Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 14.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.04 (1.35%) than the support at $11.51 (3.11%), 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.
Earnings coming up
Inovio Pharmaceuticals will release earnings AMC on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is -$1.08. We will update the financials statements for Inovio Pharmaceuticals, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.32% in the first trading day after earnings release.
Is Inovio Pharmaceuticals stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Inovio Pharmaceuticals stock to perform well in the short-term.
Current score: 3.712 Buy Candidate Unchanged
Predicted Opening Price for Inovio Pharmaceuticals of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $11.98 ( 0.800%) | $11.88 |
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 | 12.64 | 6.40 % | |
| R2 | 12.39 | 4.26 % | ||
| R1 | 12.23 | 2.94 % | ||
| Current price: | 11.88 | |||
| Support | S1 | 11.72 | -1.34 % | |
| S2 | 11.56 | -2.66 % | ||
| S3 | 11.31 | -4.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.88 | 16.84 % | |
| R2 | 13.12 | 10.44 % | ||
| R1 | 12.04 | 1.35 % | ||
| Current price | 11.88 | |||
| Support | S1 | 11.51 | -3.11% | |
| S2 | 11.25 | -5.30% | ||
| S3 | 10.18 | -14.31% |
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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