RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SGMO
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On Thursday, Sangamo BioSciences stock price gained an impressive 7.28%
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Loss -4.67% PDF

The Sangamo BioSciences stock price gained 7.28% on the last trading day (Thursday, 28th Mar 2024), rising from $0.625 to $0.670. During the last trading day the stock fluctuated 8.60% from a day low at $0.620 to a day high of $0.673. The price has risen in 5 of the last 10 days but is still down by -14.08% for this period. Volume fell on the last day by -490 thousand shares and in total, 1 million shares were bought and sold for approximately $829.35 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.620 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 46.88% during the next 3 months and, with a 90% probability hold a price between $0.91 and $2.37 at the end of this 3-month period.

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SGMO Signals & Forecast

There are few to no technical positive signals at the moment. The Sangamo BioSciences 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 $0.718 and $0.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -51.43%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Sangamo BioSciences stock

Sangamo BioSciences finds support from accumulated volume at $0.670 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0533 between high and low, or 8.60%. For the last week the stock has had daily average volatility of 16.00%.

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

Trading Expectations (SGMO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sangamo BioSciences to open at $0.655, and during the day (based on 14 day Average True Range), to move between $0.552 and $0.789, which gives a possible trading interval of +/-$0.119 (+/-17.69%) up or down from last closing price. If Sangamo BioSciences takes out the full calculated possible swing range there will be an estimated 35.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.670 (0.01%) than the resistance at $0.703 (4.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sangamo BioSciences stock A Buy?

The Sangamo BioSciences stock holds several negative signals and despite the positive trend, we believe Sangamo BioSciences will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.305 Sell Candidate Upgraded

Predicted Opening Price for Sangamo BioSciences of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.655 ( 2.34%) $0.670

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

Trading levels for SGMO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.708 5.61 %
R2 0.687 2.57 %
R1 0.675 0.695 %
Current price: 0.670
Support S1 0.634 -5.38 %
S2 0.622 -7.26 %
S3 0.601 -10.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.81 20.11 %
R2 0.780 16.38 %
R1 0.703 4.89 %
Current price 0.670
Support S1 0.670 -0.0149%
S2 0.560 -16.44%
S3 0.550 -17.93%

FAQ

What is the symbol for Sangamo BioSciences Stock and on which exchange is it traded?
The symbol for Sangamo BioSciences is SGMO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sangamo BioSciences Stock?
The Sangamo BioSciences stock holds several negative signals and despite the positive trend, we believe Sangamo BioSciences will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Sangamo BioSciences Stock?
Sangamo BioSciences Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sangamo BioSciences Stock.

What's the current price of Sangamo BioSciences Stock?
As of the end of day on the 2024-03-28, the price of an Sangamo BioSciences (SGMO) share was $0.670.

What is the 52-week high and low for Sangamo BioSciences Stock?
The 52-week high for Sangamo BioSciences Stock is $1.82 and the 52-week low is $0.291.

What is the market capitalization of Sangamo BioSciences Stock?
As of the 2024-03-28, the market capitalization of Sangamo BioSciences is 136.498M.

When is the next earnings date for Sangamo BioSciences?
The upcoming earnings date for Sangamo BioSciences is May 13, 2024.
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About Sangamo BioSciences

Sangamo BioSciences Sangamo Therapeutics, Inc., a clinical-stage biotechnology company, focuses on translating science into genomic medicines that transform patients' lives using platform technologies in gene therapy, cell therapy, genome editing, and genome regulation. The company offers zinc finger protein (ZFP), a technology platform for making zinc finger nucleases, which are proteins used in modifying DNA sequences by adding or knocking out specific genes; and ... SGMO Profile

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