Lenz Therapeutics, Inc. Stock Forecast
Lenz Therapeutics, Inc. stock price ended at $18.13 on Monday, after losing 1.52%.
(Updated on Jun 24, 2024)
The Lenz Therapeutics, Inc. stock price fell by -1.52% on the last day (Monday, 24th Jun 2024) from $18.41 to $18.13. During the last trading day the stock fluctuated 8.56% from a day low at $17.52 to a day high of $19.02. The price has fallen in 7 of the last 10 days but is still up by 16.37% 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 -794 thousand shares and in total, 255 thousand shares were bought and sold for approximately $4.63 million.
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 -14.17% during the next 3 months and, with a 90% probability hold a price between $12.03 and $16.56 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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LENZ Signals & Forecast
The Lenz Therapeutics, 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 $18.36. On a fall, the stock will find some support from the long-term average at approximately $16.74. 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. 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. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -4.43%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Lenz Therapeutics, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.18 and $15.87. 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, Lenz Therapeutics, Inc. finds support just below today's level at $16.18. If this is broken, then the next support from accumulated volume will be at $15.87 and $15.72.
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 $1.50 between high and low, or 8.56%. For the last week, the stock has had daily average volatility of 5.61%.
Our recommended stop-loss: $17.36 (-4.26%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (LENZ) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Lenz Therapeutics, Inc. to open at $18.22, and during the day (based on 14 day Average True Range), to move between $16.85 and $19.41, which gives a possible trading interval of +/-$1.28 (+/-7.05%) up or down from last closing price. If Lenz Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 14.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.41 (1.54%) than the support at $16.18 (10.76%), 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.
Is Lenz Therapeutics, Inc. stock A Buy?
Lenz Therapeutics, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.875 Hold/Accumulate Unchanged
Predicted Opening Price for Lenz Therapeutics, Inc. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $18.22 ( 0.516%) | $18.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LENZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.72 | 8.79% |
| R2 | 19.15 | 5.63% |
| R1 | 18.80 | 3.68% |
| Price | 18.13 | |
| S1 | 17.65 | -2.64% |
| S2 | 17.30 | -4.60% |
| S3 | 16.72 | -7.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.81 | 20.30% |
| R2 | 21.22 | 17.04% |
| R1 | 18.41 | 1.54% |
| Price | 18.13 | |
| S1 | 16.18 | -10.76% |
| S2 | 15.87 | -12.47% |
| S3 | 15.72 | -13.29% |
LENZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 22, 2024 | $7.21 | 44.51% |
| 2 | Mar 15, 2024 | Mar 15, 2024 | Mar 15, 2024 | $7.21 | 45.60% |
FAQ
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