Milestone Pharmaceuticals Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Milestone Pharmaceuticals Inc. stock price up 3.05% on Friday
(Updated on May 03, 2024)
The Milestone Pharmaceuticals Inc. stock price gained 3.05% on the last trading day (Friday, 3rd May 2024), rising from $1.64 to $1.69. During the last trading day the stock fluctuated 3.68% from a day low at $1.63 to a day high of $1.69. The price has been going up and down for this period, and there has been a 3.05% gain for the last 2 weeks. Volume fell on the last day by -112 thousand shares and in total, 85 thousand shares were bought and sold for approximately $144.11 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 weak 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 3.10% during the next 3 months and, with a 90% probability hold a price between $1.50 and $2.32 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MIST Signals & Forecast
The Milestone Pharmaceuticals Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.61 and $1.68. A breakdown below any of these levels will issue sell signals. 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 Monday, April 01, 2024, and so far it has fallen -7.65%. 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 Milestone Pharmaceuticals Inc. stock
Milestone Pharmaceuticals Inc. finds support from accumulated volume at $1.68 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0600 between high and low, or 3.68%. For the last week the stock has had daily average volatility of 6.78%.
Our recommended stop-loss: $1.62 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (MIST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Milestone Pharmaceuticals Inc. to open at $1.67, and during the day (based on 14 day Average True Range), to move between $1.57 and $1.81, which gives a possible trading interval of +/-$0.115 (+/-6.81%) up or down from last closing price. If Milestone Pharmaceuticals Inc. takes out the full calculated possible swing range there will be an estimated 13.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.68 (0.59%) than the resistance at $1.73 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Milestone Pharmaceuticals Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.260. We will update the financials statements for Milestone Pharmaceuticals Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.46% in the first trading day after earnings release.
Is Milestone Pharmaceuticals Inc. stock A Buy?
Milestone Pharmaceuticals Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.030 Hold/Accumulate Unchanged
Predicted Opening Price for Milestone Pharmaceuticals Inc. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$1.67 ( 1.18%) | $1.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.73 | 2.37 % | |
R2 | 1.71 | 1.01 % | ||
R1 | 1.69 | 0.173 % | ||
Current price: | 1.69 | |||
Support | S1 | 1.65 | -2.54 % | |
S2 | 1.63 | -3.38 % | ||
S3 | 1.61 | -4.73 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.11 | 24.85 % | |
R2 | 1.79 | 5.92 % | ||
R1 | 1.73 | 2.37 % | ||
Current price | 1.69 | |||
Support | S1 | 1.68 | -0.592% | |
S2 | 1.55 | -8.28% | ||
S3 | 1.45 | -14.20% |
FAQ
Click here for our free guide on how to buy Milestone Pharmaceuticals Inc. Stock.