RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MTEM
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Green day on Wednesday for Molecular Templates Inc
(Updated on Mar 27, 2024)

Sell candidate since Mar 07, 2024 Loss -30.59% PDF

The Molecular Templates Inc stock price gained 3.06% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.29 to $2.36. During the last trading day the stock fluctuated 6.08% from a day low at $2.30 to a day high of $2.44. The price has been going up and down for this period, and there has been a -13.55% loss for the last 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 8 thousand shares were bought and sold for approximately $19.91 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 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 -27.68% during the next 3 months and, with a 90% probability hold a price between $1.20 and $2.33 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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MTEM Signals & Forecast

There are few to no technical positive signals at the moment. The Molecular Templates Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.22. On a fall, the stock will find some support from the short-term average at $2.03. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -1.26%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Molecular Templates Inc stock

Molecular Templates Inc finds support from accumulated volume at $2.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.140 between high and low, or 6.08%. For the last week the stock has had daily average volatility of 13.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MTEM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Molecular Templates Inc to open at $2.37, and during the day (based on 14 day Average True Range), to move between $2.03 and $2.69, which gives a possible trading interval of +/-$0.333 (+/-14.11%) up or down from last closing price. If Molecular Templates Inc takes out the full calculated possible swing range there will be an estimated 28.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.39 (1.27%) than the support at $2.29 (2.97%), 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 Molecular Templates Inc stock A Buy?

Molecular Templates 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.

Current score: -5.947 Strong Sell Candidate Unchanged

Predicted Opening Price for Molecular Templates Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.37 ( 0.284%) $2.36

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MTEM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.51 6.21 %
R2 2.45 3.95 %
R1 2.42 2.55 %
Current price: 2.36
Support S1 2.31 -1.98 %
S2 2.28 -3.38 %
S3 2.23 -5.64 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.87 21.40 %
R2 2.76 16.95 %
R1 2.39 1.27 %
Current price 2.36
Support S1 2.29 -2.97%
S2 2.07 -12.29%
S3 1.78 -24.58%

FAQ

What is the symbol for Molecular Templates Inc Stock and on which exchange is it traded?
The symbol for Molecular Templates Inc is MTEM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Molecular Templates Inc Stock?
Molecular Templates 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.

How to buy Molecular Templates Inc Stock?
Molecular Templates Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Molecular Templates Inc Stock.

What's the current price of Molecular Templates Inc Stock?
As of the end of day on the 2024-03-27, the price of an Molecular Templates Inc (MTEM) share was $2.36.

What is the 52-week high and low for Molecular Templates Inc Stock?
The 52-week high for Molecular Templates Inc Stock is $9.14 and the 52-week low is $0.330.

What is the market capitalization of Molecular Templates Inc Stock?
As of the 2024-03-27, the market capitalization of Molecular Templates Inc is 12.307M.

When is the next earnings date for Molecular Templates Inc?
The upcoming earnings date for Molecular Templates Inc is Apr 04, 2024.
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About Molecular Templates Inc

Molecular Templates Molecular Templates, Inc., a clinical stage biopharmaceutical company, focuses on the discovery and development of biologic therapeutics for the treatment of cancer and other serious diseases. The company primarily develops a pipeline of therapies through its proprietary biologic engineered toxin body (ETB) drug platform. The company is developing MT-5111, an ETB candidate that is in Phase I clinical trial for the treatment of HER2-positive cance... MTEM Profile

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