iSpecimen Inc. Stock Forecast
High volatility in iSpecimen Inc. stock price on Thursday which ended trading at $0.399
(Updated on Jun 20, 2024)
The iSpecimen Inc. stock price gained 2.15% on the last trading day (Thursday, 20th Jun 2024), rising from $0.391 to $0.399. During the last trading day the stock fluctuated 13.18% from a day low at $0.364 to a day high of $0.412. The price has been going up and down for this period, and there has been a 24.45% gain for the last 2 weeks. Volume fell on the last day by -466 thousand shares and in total, 1 million shares were bought and sold for approximately $481.33 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 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 50.71% during the next 3 months and, with a 90% probability hold a price between $0.427 and $0.766 at the end of this 3-month period.
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ISPC Signals & Forecast
The iSpecimen Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.407. On a fall, the stock will find some support from the long-term average at approximately $0.320. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 14, 2024, and so far it has fallen -20.20%. 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 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 iSpecimen Inc. stock
iSpecimen Inc. finds support from accumulated volume at $0.399 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 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 $0.0480 between high and low, or 13.18%. For the last week the stock has had daily average volatility of 24.63%.
Our recommended stop-loss: $0.377 (-5.54%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (ISPC) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect iSpecimen Inc. to open at $0.392, and during the day (based on 14 day Average True Range), to move between $0.316 and $0.482, which gives a possible trading interval of +/-$0.0830 (+/-20.81%) up or down from last closing price. If iSpecimen Inc. takes out the full calculated possible swing range there will be an estimated 41.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.399 (0.03%) than the resistance at $0.403 (0.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iSpecimen Inc. stock A Buy?
iSpecimen Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.399 Hold/Accumulate Unchanged
Predicted Opening Price for iSpecimen Inc. of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$0.392 ( 1.82%) | $0.399 |
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 | |
---|---|---|
R3 | 0.440 | 10.21% |
R2 | 0.421 | 5.61% |
R1 | 0.410 | 2.77% |
Price | 0.399 | |
S1 | 0.373 | -6.42% |
S2 | 0.362 | -9.26% |
S3 | 0.344 | -13.85% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.423 | 6.07% |
R2 | 0.421 | 5.51% |
R1 | 0.403 | 0.93% |
Price | 0.399 | |
S1 | 0.399 | -0.0251% |
S2 | 0.370 | -7.27% |
S3 | 0.335 | -16.04% |
FAQ
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