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 MYMD
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MyMD Pharmaceuticals, Inc. stock price ended at $2.39 on Thursday, after gaining 1.70%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Loss -2.85% PDF

The MyMD Pharmaceuticals, Inc. stock price gained 1.70% on the last trading day (Thursday, 28th Mar 2024), rising from $2.35 to $2.39. During the last trading day the stock fluctuated 6.06% from a day low at $2.31 to a day high of $2.45. The price has fallen in 6 of the last 10 days and is down by -22.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately $78.64 thousand.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.11 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 267.06% during the next 3 months and, with a 90% probability hold a price between $7.73 and $20.25 at the end of this 3-month period.

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MYMD Signals & Forecast

MyMD Pharmaceuticals, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MyMD Pharmaceuticals, 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 $2.56 and $2.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -36.10%. 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).

Support, Risk & Stop-loss for MyMD Pharmaceuticals, Inc. stock

MyMD Pharmaceuticals, Inc. finds support from accumulated volume at $2.35 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.140 between high and low, or 6.06%. For the last week, the stock has had daily average volatility of 8.12%.

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

Trading Expectations (MYMD) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MyMD Pharmaceuticals, Inc. to open at $2.38, and during the day (based on 14 day Average True Range), to move between $2.18 and $2.60, which gives a possible trading interval of +/-$0.210 (+/-8.77%) up or down from last closing price. If MyMD Pharmaceuticals, Inc. takes out the full calculated possible swing range there will be an estimated 17.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.35 (1.67%) than the resistance at $2.46 (2.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MyMD Pharmaceuticals, Inc. stock A Buy?

The MyMD Pharmaceuticals, Inc. stock holds several negative signals and despite the positive trend, we believe MyMD Pharmaceuticals, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.079 Sell Candidate Unchanged

Predicted Opening Price for MyMD Pharmaceuticals, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.38 ( 0.279%) $2.39

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

Trading levels for MYMD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.52 5.58 %
R2 2.47 3.34 %
R1 2.44 1.96 %
Current price: 2.39
Support S1 2.33 -2.52 %
S2 2.30 -3.90 %
S3 2.24 -6.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.88 20.50 %
R2 2.65 10.88 %
R1 2.46 2.93 %
Current price 2.39
Support S1 2.35 -1.67%
S2 2.31 -3.35%
S3 0 .

FAQ

What is the symbol for MyMD Pharmaceuticals, Inc. Stock and on which exchange is it traded?
The symbol for MyMD Pharmaceuticals, Inc. is MYMD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell MyMD Pharmaceuticals, Inc. Stock?
The MyMD Pharmaceuticals, Inc. stock holds several negative signals and despite the positive trend, we believe MyMD Pharmaceuticals, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy MyMD Pharmaceuticals, Inc. Stock?
MyMD Pharmaceuticals, 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 MyMD Pharmaceuticals, Inc. Stock.

What's the current price of MyMD Pharmaceuticals, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an MyMD Pharmaceuticals, Inc. (MYMD) share was $2.39.

What is the 52-week high and low for MyMD Pharmaceuticals, Inc. Stock?
The 52-week high for MyMD Pharmaceuticals, Inc. Stock is $3.84 and the 52-week low is $0.110.

What is the market capitalization of MyMD Pharmaceuticals, Inc. Stock?
As of the 2024-03-28, the market capitalization of MyMD Pharmaceuticals, Inc. is 4.832M.

When is the next earnings date for MyMD Pharmaceuticals, Inc.?
The upcoming earnings date for MyMD Pharmaceuticals, Inc. is Mar 29, 2024.
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About MyMD Pharmaceuticals, Inc.

MyMD Pharmaceuticals. MyMD Pharmaceuticals, Inc., a clinical development stage pharmaceutical company, focuses on developing various therapeutic platforms to treat the causes of disease. The company is developing MYMD-1, a drug platform based on a clinical stage small molecule that regulates the immune system to control TNF-a, which drives chronic inflammation, and other pro-inflammatory cell signaling cytokines; and to delay aging and increase longevity, as well as t... MYMD Profile

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