When Should You SELL Your Stocks (8 Reasons to Sell Your Stocks) Click to watch on Youtube.

$246.27 (1.22%)

Volume: 968.273k

Closed: Aug 05, 2022

Hollow Logo Score: 0.000

Repligen Corporation Stock Forecast

BUY NASDAQ:RGEN
$246.27 (1.22%)

Volume: 968.273k

Closed: Aug 05, 2022

Score Hollow Logo 0.000
Which way will RGEN go? Request
Fri, Aug 05, 2022 Hold/Accumulate
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 93 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected over the next couple of days.
Last Reaction
Be the first to comment on RGEN

Green day on Friday for Repligen Corporation
(Updated on Aug 05, 2022)


Buy or Hold candidate since 2022-07-19 Gain 46.53% PDF

The Repligen Corporation stock price gained 1.22% on the last trading day (Friday, 5th Aug 2022), rising from $243.30 to $246.27. , and has now gained 5 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 last trading day the stock fluctuated 5.13% from a day low at $236.28 to a day high of $248.39. The price has risen in 8 of the last 10 days and is up by 22.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 428 thousand more shares were traded than the day before. In total, 968 thousand shares were bought and sold for approximately $238.46 million.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $221.18, a level that may pose a second chance to hit a runner. According to fan-theory $261.02 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Signals & Forecast

The Repligen Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $229.48 and $181.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 13, 2022, and so far it has risen 75.06%. 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.

Support, Risk & Stop-loss

Repligen Corporation finds support from accumulated volume at $240.40 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $12.12 between high and low, or 5.13%. For the last week, the stock has had a daily average volatility of 6.05%.

The Repligen Corporation stock is extremely overbought on RSI14 (93). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $238.54 (-3.14%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 93 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations For The Upcoming Trading Day Of Monday 8th

For the upcoming trading day on Monday 8th we expect Repligen Corporation to open at $243.65, and during day (based on 14 day Average True Range), to move between $236.66 and $255.88, which gives a possible trading interval of +/-$9.61 (+/-3.90%) up or down from last closing price. If Repligen Corporation takes out the full calculated possible swing range there will be an estimated 7.80% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $5.87 (2.38%) our system find the risk reward attractive.

Is Repligen Corporation stock A Buy?

Repligen Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Hold/Accumulate Unchanged

Predicted Opening Price for Repligen Corporation of Monday, August 8, 2022

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

Fair opening price August 8, 2022 Current price
$243.65 $246.27 (Overvalued)

Remember To Visit Our YouTube Channel

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 255.76 3.85 %
251.13 1.97 %
248.27 0.81 %
Current price: 246.27
Support 239.02 -2.95 %
236.16 -4.11 %
231.53 -5.99 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 246.27
Support 240.40 -2.38%
237.38 -3.61%
203.64 -17.31%

Click to get the best stock tips daily for free!

About Repligen Corporation

Repligen Repligen Corporation develops and commercializes bioprocessing technologies and systems for use in biological drug manufacturing process in North America, Europe, the Asia Pacific, and internationally. It offers Protein A ligands that are the binding components of Protein A affinity chromatography resins; and cell culture growth factor products. The company's chromatography products include OPUS pre-packed chromatography columns, which are used i... Read more

.

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT