Iovance Biotherapeutics, Inc. Stock Forecast
Big movements in Iovance Biotherapeutics, Inc. stock price on Wednesday moving 10.62% between high and low
(Updated on May 01, 2024)
The Iovance Biotherapeutics, Inc. stock price gained 6.11% on the last trading day (Wednesday, 1st May 2024), rising from $11.78 to $12.50. During the last trading day the stock fluctuated 10.62% from a day low at $11.75 to a day high of $13.00. The price has been going up and down for this period, and there has been a 5.93% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $71.94 million.
The stock lies in the middle of a very wide and weak 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 5.32% during the next 3 months and, with a 90% probability hold a price between $9.29 and $19.11 at the end of this 3-month period.
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IOVA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Iovance Biotherapeutics, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.15. On a fall, the stock will find some support from the short-term average at $11.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -28.45%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Iovance Biotherapeutics, Inc. stock
Iovance Biotherapeutics, Inc. finds support from accumulated volume at $12.03 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 $1.25 between high and low, or 10.62%. For the last week, the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IOVA) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Iovance Biotherapeutics, Inc. to open at $12.42, and during the day (based on 14 day Average True Range), to move between $11.74 and $13.26, which gives a possible trading interval of +/-$0.761 (+/-6.08%) up or down from last closing price. If Iovance Biotherapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 12.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.03 (3.76%) than the resistance at $13.91 (11.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Iovance Biotherapeutics, Inc. stock A Buy?
Iovance Biotherapeutics, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.260 Sell Candidate Unchanged
Predicted Opening Price for Iovance Biotherapeutics, Inc. of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$12.42 ( 0.674%) | $12.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IOVA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.66 | 9.31 % | |
R2 | 13.19 | 5.49 % | ||
R1 | 12.89 | 3.14 % | ||
Current price: | 12.50 | |||
Support | S1 | 11.94 | -4.49 % | |
S2 | 11.64 | -6.84 % | ||
S3 | 11.17 | -10.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.36 | 22.88 % | |
R2 | 15.10 | 20.80 % | ||
R1 | 13.91 | 11.28 % | ||
Current price | 12.50 | |||
Support | S1 | 12.03 | -3.76% | |
S2 | 11.89 | -4.88% | ||
S3 | 9.95 | -20.40% |
FAQ
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