SELLAS Life Sciences Group Inc. Stock Forecast
Red day on Friday for SELLAS Life Sciences Group Inc.
(Updated on May 03, 2024)
The SELLAS Life Sciences Group Inc. stock price fell by -1.48% on the last day (Friday, 3rd May 2024) from $1.35 to $1.33. During the last trading day the stock fluctuated 6.20% from a day low at $1.29 to a day high of $1.37. The price has fallen in 5 of the last 10 days and is down by -13.64% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -435 thousand shares and in total, 772 thousand shares were bought and sold for approximately $1.03 million.
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 $1.26 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 76.47% during the next 3 months and, with a 90% probability hold a price between $2.22 and $3.05 at the end of this 3-month period.
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SLS Signals & Forecast
The SELLAS Life Sciences Group 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 $1.34. On a fall, the stock will find some support from the long-term average at approximately $1.28. 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. 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 Tuesday, April 23, 2024, and so far it has fallen -18.40%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for SELLAS Life Sciences Group Inc. stock
SELLAS Life Sciences Group Inc. finds support from accumulated volume at $1.28 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 6.20%. For the last week the stock has had daily average volatility of 14.24%.
Our recommended stop-loss: $1.25 (-6.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (SLS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SELLAS Life Sciences Group Inc. to open at $1.33, and during the day (based on 14 day Average True Range), to move between $1.18 and $1.48, which gives a possible trading interval of +/-$0.149 (+/-11.23%) up or down from last closing price. If SELLAS Life Sciences Group Inc. takes out the full calculated possible swing range there will be an estimated 22.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.28 (3.76%) than the resistance at $1.40 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SELLAS Life Sciences Group Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.210. We will update the financials statements for SELLAS Life Sciences Group Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.32% in the first trading day after earnings release.
Is SELLAS Life Sciences Group Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SELLAS Life Sciences Group Inc. stock to perform well in the short-term.
Current score: 2.290 Buy Candidate Unchanged
Predicted Opening Price for SELLAS Life Sciences Group Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $1.33 ( 0%) | $1.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.41 | 6.02 % | |
| R2 | 1.38 | 3.72 % | ||
| R1 | 1.36 | 2.30 % | ||
| Current price: | 1.33 | |||
| Support | S1 | 1.30 | -2.30 % | |
| S2 | 1.28 | -3.72 % | ||
| S3 | 1.25 | -6.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.54 | 15.79 % | |
| R2 | 1.45 | 8.65 % | ||
| R1 | 1.40 | 5.26 % | ||
| Current price | 1.33 | |||
| Support | S1 | 1.28 | -3.76% | |
| S2 | 1.10 | -17.29% | ||
| S3 | 1.01 | -24.06% |
SLS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 09, 2010 | Dec 09, 2010 | Dec 20, 2010 | $0.420 | 0.0005% |
| 2 | Sep 07, 2010 | Sep 09, 2010 | Sep 22, 2010 | $0.150 | 0.0002% |
FAQ
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