Lexeo Therapeutics, Inc. Common Stock Stock Forecast
A very strong day for Lexeo Therapeutics, Inc. Common Stock stock price on Wednesday
(Updated on Jul 03, 2024)
The Lexeo Therapeutics, Inc. Common Stock stock price gained 6.21% on the last trading day (Wednesday, 3rd Jul 2024), rising from $14.02 to $14.89. During the last trading day the stock fluctuated 8.20% from a day low at $13.78 to a day high of $14.91. The price has risen in 6 of the last 10 days but is still down by -4.8% for this period. Volume fell on the last day by -313 thousand shares and in total, 89 thousand shares were bought and sold for approximately $1.33 million. 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 35.72% during the next 3 months and, with a 90% probability hold a price between $19.14 and $26.95 at the end of this 3-month period.
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LXEO Signals & Forecast
There are few to no technical positive signals at the moment. The Lexeo Therapeutics, Inc. Common Stock 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 $15.28 and $15.94. 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 13, 2024, and so far it has fallen -20.63%. 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 Lexeo Therapeutics, Inc. Common Stock stock
On the downside, the stock finds support just below today's level from accumulated volume at $14.02 and $12.50. 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, Lexeo Therapeutics, Inc. Common Stock finds support just below today's level at $14.02. If this is broken, then the next support from accumulated volume will be at $12.50 and $12.30.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $1.13 between high and low, or 8.20%. For the last week the stock has had daily average volatility of 10.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LXEO) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Lexeo Therapeutics, Inc. Common Stock to open at $14.53, and during the day (based on 14 day Average True Range), to move between $13.59 and $16.19, which gives a possible trading interval of +/-$1.30 (+/-8.70%) up or down from last closing price. If Lexeo Therapeutics, Inc. Common Stock takes out the full calculated possible swing range there will be an estimated 17.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.00 (0.74%) than the support at $14.02 (5.84%), 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 Lexeo Therapeutics, Inc. Common Stock stock A Buy?
The Lexeo Therapeutics, Inc. Common Stock stock holds several negative signals and despite the positive trend, we believe Lexeo Therapeutics, Inc. Common Stock will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.780 Sell Candidate Unchanged
Predicted Opening Price for Lexeo Therapeutics, Inc. Common Stock of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$14.53 ( 2.44%) | $14.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LXEO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.66 | 5.15% |
R2 | 15.23 | 2.25% |
R1 | 14.96 | 0.459% |
Price | 14.89 | |
S1 | 14.10 | -5.34% |
S2 | 13.83 | -7.13% |
S3 | 13.40 | -10.03% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.20 | 8.80% |
R2 | 16.04 | 7.72% |
R1 | 15.00 | 0.739% |
Price | 14.89 | |
S1 | 14.02 | -5.84% |
S2 | 12.50 | -16.05% |
S3 | 12.30 | -17.39% |
FAQ
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