Marker Therapeutics Inc. Stock Forecast
Volatile ride for Marker Therapeutics Inc. stock price on Wednesday moving between $4.21 and $4.73
(Updated on Apr 17, 2024)
The Marker Therapeutics Inc. stock price fell by -2.05% on the last day (Wednesday, 17th Apr 2024) from $4.40 to $4.31. During the last trading day the stock fluctuated 12.35% from a day low at $4.21 to a day high of $4.73. The price has fallen in 6 of the last 10 days and is down by -5.27% for this period. Volume has increased on the last day by 4 thousand 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, 11 thousand shares were bought and sold for approximately $45.72 thousand.
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 5.66% during the next 3 months and, with a 90% probability hold a price between $3.99 and $5.33 at the end of this 3-month period.
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MRKR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has fallen 0%. 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. The Marker Therapeutics Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $4.52 and $4.35. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Marker Therapeutics Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Marker Therapeutics Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.05 and $3.94. 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, Marker Therapeutics Inc. finds support just below today's level at $4.05. If this is broken, then the next support from accumulated volume will be at $3.94 and $3.63.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.520 between high and low, or 12.35%. For the last week, the stock has had daily average volatility of 7.69%.
Our recommended stop-loss: $4.09 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (MRKR) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Marker Therapeutics Inc. to open at $4.42, and during the day (based on 14 day Average True Range), to move between $3.98 and $4.64, which gives a possible trading interval of +/-$0.327 (+/-7.58%) up or down from last closing price. If Marker Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 15.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.32 (0.23%) than the support at $4.05 (6.03%), 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 Marker Therapeutics Inc. stock A Buy?
Marker Therapeutics 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.161 Hold/Accumulate Downgraded
Predicted Opening Price for Marker Therapeutics Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $4.42 ( 2.47%) | $4.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRKR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.94 | 14.54 % | |
| R2 | 4.74 | 9.93 % | ||
| R1 | 4.62 | 7.08 % | ||
| Current price: | 4.31 | |||
| Support | S1 | 4.22 | -2.13 % | |
| S2 | 4.10 | -4.98 % | ||
| S3 | 3.90 | -9.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.64 | 7.66 % | |
| R2 | 4.60 | 6.73 % | ||
| R1 | 4.32 | 0.232 % | ||
| Current price | 4.31 | |||
| Support | S1 | 4.05 | -6.03% | |
| S2 | 3.94 | -8.58% | ||
| S3 | 3.63 | -15.78% |
FAQ
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