Sab Biotherapeutics, Inc. Stock Forecast

Sab Biotherapeutics, Inc. stock price ended at $0.0398 on Tuesday, after losing 0%.
(Updated on Jun 25, 2024)

SABSW Signals & Forecast

The Sab Biotherapeutics, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0442. On a fall, the stock will find some support from the long-term average at approximately $0.0368. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -46.65%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Sab Biotherapeutics, Inc. stock

Sab Biotherapeutics, Inc. finds support from accumulated volume at $0.0390 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 $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 5.04%.

Our recommended stop-loss: $0.0374 (-6.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (SABSW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Sab Biotherapeutics, Inc. to open at $0.0398, and during the day (based on 14 day Average True Range), to move between $0.0244 and $0.0552, which gives a possible trading interval of +/-$0.0154 (+/-38.61%) up or down from last closing price. If Sab Biotherapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 77.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0399 (0.25%) than the support at $0.0390 (2.01%), 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 Sab Biotherapeutics, Inc. stock A Buy?

Sab Biotherapeutics, Inc. 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: 0.342 Hold/Accumulate Unchanged

Predicted Opening Price for Sab Biotherapeutics, Inc. of Wednesday, June 26, 2024

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