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Phathom Pharmaceuticals, Inc. Stock Forecast NASDAQ:PHAT

$19.27 (1.10%)

Volume: 114k

Closed: Dec 08, 2021

Hollow Logo Score: -2.177

Phathom Pharmaceuticals, Inc. Stock Forecast

$19.27 (1.10%)

Volume: 114k

Closed: Dec 08, 2021

Score Hollow Logo -2.177
Which way will PHAT go? Request
Key Stats
Beta 1.15
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 38 and the stock is currently not being overbought or oversold

Phathom Pharmaceuticals, Inc. stock price ended on $19.27 on Wednesday after gaining 1.1%
(Updated on Dec 08, 2021)


Sell candidate since 2021-10-18 Loss -29.31%

The Phathom Pharmaceuticals, Inc. stock price gained 1.10% on the last trading day (Wednesday, 8th Dec 2021), rising from $19.06 to $19.27. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.54% from a day low at $18.83 to a day high of $19.69. The price has been going up and down for this period, and there has been a -5.4% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 114 thousand shares were bought and sold for approximately $2.19 million.

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 -45.39% during the next 3 months and, with a 90% probability hold a price between $8.94 and $12.14 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 8.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Phathom Pharmaceuticals, 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 $22.41. On a fall, the stock will find some support from the short-term average at $18.53. 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.

Support, Risk & Stop-loss

Phathom Pharmaceuticals, Inc. finds support from accumulated volume at $18.74 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 $0.86 between high and low, or 4.54%. For the last week, the stock has had a daily average volatility of 5.97%.

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

Is Phathom Pharmaceuticals, Inc. stock A Buy?

Phathom Pharmaceuticals, 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.

Current score: -2.177

Predicted Opening Price for Phathom Pharmaceuticals, Inc. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$19.26 $19.27 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Oct 18, 2021 "Guggenheim" gave "$66.00 - $75.00" rating for PHAT. The price target was changed from $27.33 to 15.9%.

Volatility and Risk
Daily Average Volatility: 5.97 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.97 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $20.08
Price: $19.27
Support: $18.74

PHAT Insider Trading Show all Trades

INSIDER POWER

0.133

Last 100 transactions
Buy: 322 709 | Sell: 2 428 191 (Shares)
Date Action Amount Person Type
Nov 04, 2021 Sell 228 696 Takeda Pharmaceutical Co Ltd Warrants
Nov 04, 2021 Sell 1 000 000 Takeda Pharmaceutical Co Ltd Common Stock
Nov 04, 2021 Sell 1 Takeda Pharmaceutical Co Ltd Common Stock
Nov 04, 2021 Buy 228 696 Takeda Pharmaceutical Co Ltd Common Stock
Oct 08, 2021 Sell 2 529 Socks David A Common Stock
Show all Insider Trades
INSIDER POWER

0.133

Last 100 transactions
Buy: 322 709 | Sell: 2 428 191 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 20.12 4.39 %
19.79 2.70 %
19.59 1.65 %
Current price: 19.27
Support 18.94 -1.74 %
18.73 -2.79 %
18.41 -4.48 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 23.53 22.11 %
22.73 17.96 %
20.08 4.20 %
Current price 19.27
Support 18.74 -2.75%
17.94 -6.90%
17.83 -7.47%

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