MaxCyte Inc. Stock Forecast
MaxCyte Inc. stock price ended at £309.00 on Tuesday, after losing 3.44%.
(Updated on Jul 02, 2024)
The MaxCyte Inc. stock price fell by -3.44% on the last day (Tuesday, 2nd Jul 2024) from £320.00 to £309.00. During the last trading day the stock fluctuated 1.61% from a day low at £304.10 to a day high of £309.00. The price has fallen in 6 of the last 10 days and is down by -15.85% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately £1.07 million.
Given the current short-term trend, the stock is expected to rise 10.62% during the next 3 months and, with a 90% probability hold a price between £341.83 and £441.87 at the end of this 3-month period.
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MXCT.L Signals & Forecast
There are few to no technical positive signals at the moment. The MaxCyte 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 £321.29 and £357.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -20.77%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for MaxCyte Inc. stock
MaxCyte Inc. finds support from accumulated volume at £297.00 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 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 £4.90 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.49%.
MaxCyte Inc. is oversold on RSI14 (14). 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 (MXCT.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect MaxCyte Inc. to open at £307.37, and during the day (based on 14 day Average True Range), to move between £294.42 and £323.58, which gives a possible trading interval of +/-£14.58 (+/-4.72%) up or down from last closing price. If MaxCyte Inc. takes out the full calculated possible swing range there will be an estimated 9.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £297.00 (3.88%) than the resistance at £330.00 (6.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MaxCyte Inc. stock A Buy?
The MaxCyte Inc. stock holds several negative signals and despite the positive trend, we believe MaxCyte Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.236 Sell Candidate Unchanged
Predicted Opening Price for MaxCyte Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £307.37 ( 0.529%) | £309.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MXCT.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 312.27 | 1.06% |
| R2 | 310.39 | 0.451% |
| R1 | 309.24 | 0.0772% |
| Price | 309.00 | |
| S1 | 305.49 | -1.13% |
| S2 | 304.34 | -1.51% |
| S3 | 302.47 | -2.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 375.00 | 21.36% |
| R2 | 370.00 | 19.74% |
| R1 | 330.00 | 6.80% |
| Price | 309.00 | |
| S1 | 297.00 | -3.88% |
| S2 | 295.00 | -4.53% |
| S3 | 290.00 | -6.15% |
FAQ
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