NexImmune, Inc. Stock Forecast
Volatile ride for NexImmune, Inc. stock price on Thursday moving between $3.26 and $3.59
(Updated on Apr 25, 2024)
The NexImmune, Inc. stock price gained 4.60% on the last trading day (Thursday, 25th Apr 2024), rising from $3.26 to $3.41. During the last trading day the stock fluctuated 10.05% from a day low at $3.26 to a day high of $3.59. The price has fallen in 6 of the last 10 days and is down by -13.45% for this period. Volume fell on the last day by -5 thousand shares and in total, 7 thousand shares were bought and sold for approximately $24.97 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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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NEXI Signals & Forecast
There are mixed signals in the stock today. The NexImmune, 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 $4.79. On a fall, the stock will find some support from the short-term average at $3.38. 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 Thursday, February 01, 2024, and so far it has fallen -77.55%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NexImmune, Inc. stock
NexImmune, Inc. finds support from accumulated volume at $3.30 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 $0.328 between high and low, or 10.05%. For the last week the stock has had daily average volatility of 10.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NEXI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect NexImmune, Inc. to open at $3.42, and during the day (based on 14 day Average True Range), to move between $2.88 and $3.94, which gives a possible trading interval of +/-$0.530 (+/-15.53%) up or down from last closing price. If NexImmune, Inc. takes out the full calculated possible swing range there will be an estimated 31.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.30 (3.23%) than the resistance at $3.62 (6.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NexImmune, Inc. stock A Buy?
NexImmune, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.362 Strong Sell Candidate Downgraded
Predicted Opening Price for NexImmune, Inc. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$3.42 ( 0.259%) | $3.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEXI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.75 | 9.86 % | |
R2 | 3.62 | 6.19 % | ||
R1 | 3.54 | 3.93 % | ||
Current price: | 3.41 | |||
Support | S1 | 3.29 | -3.41 % | |
S2 | 3.22 | -5.68 % | ||
S3 | 3.09 | -9.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.96 | 15.98 % | |
R2 | 3.71 | 8.80 % | ||
R1 | 3.62 | 6.16 % | ||
Current price | 3.41 | |||
Support | S1 | 3.30 | -3.23% | |
S2 | 3.26 | -4.40% | ||
S3 | 3.15 | -7.62% |
FAQ
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