Precigen, Inc. Stock Forecast
Precigen, Inc. stock downgraded to Strong Sell Candidate
(Updated on Jul 02, 2024)
The Precigen, Inc. stock price fell by -3.87% on the last day (Tuesday, 2nd Jul 2024) from $1.55 to $1.49. During the last trading day the stock fluctuated 6.94% from a day low at $1.44 to a day high of $1.54. The price has fallen in 6 of the last 10 days and is down by -8.59% for this period. Volume has increased on the last day by 234 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, 776 thousand shares were bought and sold for approximately $1.16 million.
The stock lies in the middle of a very wide and strong 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 17.60% during the next 3 months and, with a 90% probability hold a price between $1.65 and $2.15 at the end of this 3-month period.
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PGEN Signals & Forecast
There are few to no technical positive signals at the moment. The Precigen, 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 $1.57 and $1.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -14.86%. 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). Precigen, 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".
Support, Risk & Stop-loss for Precigen, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.41 and $1.40. 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, Precigen, Inc. finds support just below today's level at $1.41. If this is broken, then the next support from accumulated volume will be at $1.40 and $1.38.
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 $0.100 between high and low, or 6.94%. For the last week, the stock has had daily average volatility of 6.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PGEN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Precigen, Inc. to open at $1.49, and during the day (based on 14 day Average True Range), to move between $1.40 and $1.58, which gives a possible trading interval of +/-$0.0949 (+/-6.37%) up or down from last closing price. If Precigen, Inc. takes out the full calculated possible swing range there will be an estimated 12.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.56 (4.70%) than the support at $1.41 (5.37%), 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 Precigen, Inc. stock A Buy?
The Precigen, Inc. stock holds several negative signals and despite the positive trend, we believe Precigen, Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.
Current score: -5.346 Strong Sell Candidate Downgraded
Predicted Opening Price for Precigen, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.49 ( 0%) | $1.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGEN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.59 | 6.71% |
| R2 | 1.55 | 4.15% |
| R1 | 1.53 | 2.56% |
| Price | 1.49 | |
| S1 | 1.45 | -2.56% |
| S2 | 1.43 | -4.15% |
| S3 | 1.39 | -6.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.75 | 17.45% |
| R2 | 1.65 | 10.74% |
| R1 | 1.56 | 4.70% |
| Price | 1.49 | |
| S1 | 1.41 | -5.37% |
| S2 | 1.40 | -6.04% |
| S3 | 1.38 | -7.38% |
FAQ
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