Lyra Therapeutics Inc. Stock Forecast
Volatile ride for Lyra Therapeutics Inc. stock price on Monday moving between $0.360 and $0.640
(Updated on May 06, 2024)
The Lyra Therapeutics Inc. stock price fell by -87.06% on the last day (Monday, 6th May 2024) from $4.03 to $0.522. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 77.78% from a day low at $0.360 to a day high of $0.640. The price has fallen in 5 of the last 10 days and is down by -89.99% for this period. Volume has increased on the last day by 105 million 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, 108 million shares were bought and sold for approximately $56.10 million.
Given the current short-term trend, the stock is expected to fall -7.73% during the next 3 months and, with a 90% probability hold a price between $0.481 and $5.81 at the end of this 3-month period.
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LYRA Signals & Forecast
There are few to no technical positive signals at the moment. The Lyra Therapeutics Inc. 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 $4.15 and $5.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -92.01%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Lyra Therapeutics Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.280 between high and low, or 77.78%. For the last week, the stock has had daily average volatility of 27.32%.
Lyra Therapeutics Inc. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LYRA) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Lyra Therapeutics Inc. to open at $0.507, and during the day (based on 14 day Average True Range), to move between -$0.135 and $1.18, which gives a possible trading interval of +/-$0.657 (+/-125.93%) up or down from last closing price. If Lyra Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 251.86% move between the lowest and the highest trading price during the day.
Earnings coming up
Lyra Therapeutics Inc. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.260. We will update the financials statements for Lyra Therapeutics Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.30% in the first trading day after earnings release.
Is Lyra Therapeutics Inc. stock A Buy?
Lyra Therapeutics Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell to a Strong Sell candidate.
Current score: -5.594 Strong Sell Candidate Downgraded
Predicted Opening Price for Lyra Therapeutics Inc. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$0.507 ( 2.75%) | $0.522 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYRA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.787 | 50.94 % | |
R2 | 0.680 | 30.43 % | ||
R1 | 0.614 | 17.76 % | ||
Current price: | 0.522 | |||
Support | S1 | 0.400 | -23.26 % | |
S2 | 0.334 | -35.93 % | ||
S3 | 0.227 | -56.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.522 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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