iSpecimen Inc. Stock Forecast
High volatility in iSpecimen Inc. stock price on Wednesday which ended trading at $0.278
(Updated on Apr 24, 2024)
The iSpecimen Inc. stock price fell by -5.86% on the last day (Wednesday, 24th Apr 2024) from $0.295 to $0.278. During the last trading day the stock fluctuated 10.99% from a day low at $0.270 to a day high of $0.300. The price has risen in 5 of the last 10 days and is up by 28.25% 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 -189 thousand shares and in total, 281 thousand shares were bought and sold for approximately $78.10 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -42.34% during the next 3 months and, with a 90% probability hold a price between $0.0854 and $0.232 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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ISPC 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 iSpecimen Inc. 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 $0.292 and $0.293. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -34.01%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for iSpecimen Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.251 and $0.251. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, iSpecimen Inc. finds support just below today's level at $0.251. If this is broken, then the next support from accumulated volume will be at $0.251 and $0.227.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0297 between high and low, or 10.99%. For the last week the stock has had daily average volatility of 48.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ISPC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect iSpecimen Inc. to open at $0.283, and during the day (based on 14 day Average True Range), to move between $0.221 and $0.335, which gives a possible trading interval of +/-$0.0571 (+/-20.55%) up or down from last closing price. If iSpecimen Inc. takes out the full calculated possible swing range there will be an estimated 41.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.288 (3.78%) than the support at $0.251 (9.54%), 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
iSpecimen Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.270. We will update the financials statements for iSpecimen Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.74% in the first trading day after earnings release.
Is iSpecimen Inc. stock A Buy?
iSpecimen Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.661 Sell Candidate Unchanged
Predicted Opening Price for iSpecimen Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.283 ( 1.74%) | $0.278 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISPC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.312 | 12.43 % | |
| R2 | 0.301 | 8.35 % | ||
| R1 | 0.294 | 5.82 % | ||
| Current price: | 0.278 | |||
| Support | S1 | 0.271 | -2.34 % | |
| S2 | 0.264 | -4.87 % | ||
| S3 | 0.253 | -8.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.340 | 22.39 % | |
| R2 | 0.295 | 6.23 % | ||
| R1 | 0.288 | 3.78 % | ||
| Current price | 0.278 | |||
| Support | S1 | 0.251 | -9.54% | |
| S2 | 0.251 | -9.65% | ||
| S3 | 0.227 | -18.29% |
FAQ
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