Quince Therapeutics, Inc. Stock Forecast
Red day on Thursday for Quince Therapeutics, Inc.
(Updated on Jun 20, 2024)
The Quince Therapeutics, Inc. stock price fell by -4.41% on the last day (Thursday, 20th Jun 2024) from $0.680 to $0.650. During the last trading day the stock fluctuated 7.69% from a day low at $0.650 to a day high of $0.700. The price has fallen in 6 of the last 10 days and is down by -20.73% for this period. Volume has increased on the last day by 97 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, 236 thousand shares were bought and sold for approximately $153.09 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.627 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -33.17% during the next 3 months and, with a 90% probability hold a price between $0.419 and $0.562 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.
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QNCX Signals & Forecast
There are few to no technical positive signals at the moment. The Quince Therapeutics, 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 $0.707 and $0.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -41.44%. 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). Quince Therapeutics, 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 Quince Therapeutics, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0500 between high and low, or 7.69%. For the last week, the stock has had daily average volatility of 6.61%.
Quince Therapeutics, Inc. is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QNCX) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Quince Therapeutics, Inc. to open at $0.667, and during the day (based on 14 day Average True Range), to move between $0.594 and $0.706, which gives a possible trading interval of +/-$0.0555 (+/-8.54%) up or down from last closing price. If Quince Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 17.08% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.680, some $0.0300 (4.62%) from the current price of $0.650, our system finds the risk reward not very attractive.
Is Quince Therapeutics, Inc. stock A Buy?
Quince Therapeutics, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -7.917 Strong Sell Candidate Unchanged
Predicted Opening Price for Quince Therapeutics, Inc. of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$0.667 ( 2.56%) | $0.650 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QNCX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.717 | 10.26% |
R2 | 0.698 | 7.32% |
R1 | 0.686 | 5.50% |
Price | 0.650 | |
S1 | 0.648 | -0.374% |
S2 | 0.636 | -2.19% |
S3 | 0.617 | -5.13% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.790 | 21.54% |
R2 | 0.715 | 10.00% |
R1 | 0.680 | 4.62% |
Price | 0.650 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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