Solid Biosciences Inc. Stock Forecast

Solid Biosciences Inc. stock upgraded to Sell Candidate.
(Updated on Apr 25, 2024)

SLDB Signals & Forecast

There are few to no technical positive signals at the moment. The Solid Biosciences 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 $9.06 and $11.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -42.10%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Solid Biosciences Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $8.08 and $7.09. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Solid Biosciences Inc. finds support just below today's level at $8.08. If this is broken, then the next support from accumulated volume will be at $7.09 and $6.89.

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 $0.670 between high and low, or 8.43%. For the last week, the stock has had daily average volatility of 8.12%.

Solid Biosciences Inc. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (SLDB) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Solid Biosciences Inc. to open at $8.37, and during the day (based on 14 day Average True Range), to move between $7.67 and $9.41, which gives a possible trading interval of +/-$0.87 (+/-10.13%) up or down from last closing price. If Solid Biosciences Inc. takes out the full calculated possible swing range there will be an estimated 20.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.08 (5.39%) than the resistance at $9.11 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Solid Biosciences Inc. stock A Buy?

The Solid Biosciences Inc. stock holds several negative signals and despite the positive trend, we believe Solid Biosciences Inc. 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: -2.843 Sell Candidate Upgraded

Predicted Opening Price for Solid Biosciences Inc. of Friday, April 26, 2024

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