Landos Biopharma, Inc. Stock Forecast
Stronger technical forecast for Landos Biopharma, Inc. stock price after Wednesday trading.
(Updated on Apr 17, 2024)
The Landos Biopharma, Inc. stock price gained 0.697% on the last trading day (Wednesday, 17th Apr 2024), rising from $21.52 to $21.67. During the last trading day the stock fluctuated 1.12% from a day low at $21.46 to a day high of $21.70. The price has risen in 6 of the last 10 days and is up by 0.84% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 15 thousand shares were bought and sold for approximately $331.05 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 500.56% during the next 3 months and, with a 90% probability hold a price between $101.23 and $141.69 at the end of this 3-month period.
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LABP Signals & Forecast
The Landos Biopharma, Inc. 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 $21.55 and $13.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 24, 2024, and so far it has risen 376.26%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Landos Biopharma, Inc. stock
Landos Biopharma, Inc. finds support from accumulated volume at $21.56 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 $0.240 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 0.634%.
Our recommended stop-loss: $20.99 (-3.16%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 58 days ago.)
Trading Expectations (LABP) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Landos Biopharma, Inc. to open at $21.61, and during the day (based on 14 day Average True Range), to move between $21.10 and $22.24, which gives a possible trading interval of +/-$0.573 (+/-2.64%) up or down from last closing price. If Landos Biopharma, Inc. takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.56, some $0.110 (0.51%) from the current price of $21.67, our system finds the risk reward attractive.
Is Landos Biopharma, Inc. stock A Buy?
Landos Biopharma, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.781 Strong Buy Candidate Upgraded
Predicted Opening Price for Landos Biopharma, Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $21.61 ( 0.277%) | $21.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LABP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.85 | 0.83 % | |
| R2 | 21.76 | 0.408 % | ||
| R1 | 21.70 | 0.146 % | ||
| Current price: | 21.67 | |||
| Support | S1 | 21.52 | -0.700 % | |
| S2 | 21.46 | -0.96 % | ||
| S3 | 21.37 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 21.67 | |||
| Support | S1 | 21.56 | -0.508% | |
| S2 | 21.50 | -0.784% | ||
| S3 | 21.40 | -1.25% |
FAQ
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