Jasper Therapeutics, Inc. Stock Forecast
Big movements in Jasper Therapeutics, Inc. stock price on Tuesday moving 27.27% between high and low
(Updated on Jun 25, 2024)
The Jasper Therapeutics, Inc. stock price fell by -20.12% on the last day (Tuesday, 25th Jun 2024) from $0.207 to $0.165. During the last trading day the stock fluctuated 27.27% from a day low at $0.165 to a day high of $0.210. The price has been going up and down for this period, and there has been a -21.33% loss for the last 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately $1.01 thousand.
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 20.49% during the next 3 months and, with a 90% probability hold a price between $0.175 and $0.268 at the end of this 3-month period.
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JSPRW Signals & Forecast
There are few to no technical positive signals at the moment. The Jasper Therapeutics, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.205 and $0.189. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -24.91%. 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). Jasper Therapeutics, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Jasper Therapeutics, Inc. stock
Jasper Therapeutics, Inc. finds support from accumulated volume at $0.162 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0450 between high and low, or 27.27%. For the last week, the stock has had daily average volatility of 16.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JSPRW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Jasper Therapeutics, Inc. to open at $0.180, and during the day (based on 14 day Average True Range), to move between $0.133 and $0.198, which gives a possible trading interval of +/-$0.0324 (+/-19.62%) up or down from last closing price. If Jasper Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 39.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.162 (2.00%) than the resistance at $0.170 (2.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jasper Therapeutics, Inc. stock A Buy?
The Jasper Therapeutics, Inc. stock holds several negative signals and despite the positive trend, we believe Jasper Therapeutics, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -6.660 Strong Sell Candidate Downgraded
Predicted Opening Price for Jasper Therapeutics, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.180 ( 9.00%) | $0.165 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSPRW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.225 | 36.24% |
| R2 | 0.208 | 25.83% |
| R1 | 0.197 | 19.40% |
| Price | 0.165 | |
| S1 | 0.163 | -1.41% |
| S2 | 0.152 | -7.83% |
| S3 | 0.135 | -18.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.182 | 10.17% |
| R2 | 0.178 | 7.75% |
| R1 | 0.170 | 2.91% |
| Price | 0.165 | |
| S1 | 0.162 | -2.00% |
| S2 | 0.160 | -3.33% |
| S3 | 0.144 | -13.14% |
FAQ
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