Stoke Therapeutics, Inc. Stock Forecast
Green day on Thursday for Stoke Therapeutics, Inc.
(Updated on Apr 25, 2024)
The Stoke Therapeutics, Inc. stock price gained 0.257% on the last trading day (Thursday, 25th Apr 2024), rising from $11.66 to $11.69. During the last trading day the stock fluctuated 6.39% from a day low at $11.11 to a day high of $11.82. The price has fallen in 5 of the last 10 days and is down by -13.41% for this period. Volume fell on the last day by -967 thousand shares and in total, 508 thousand shares were bought and sold for approximately $5.94 million. 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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 124.50% during the next 3 months and, with a 90% probability hold a price between $21.76 and $38.74 at the end of this 3-month period.
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STOK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -17.50%. 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). The Stoke Therapeutics, Inc. 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 $11.61 and $10.24. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Stoke Therapeutics, Inc. stock
Stoke Therapeutics, Inc. finds support from accumulated volume at $11.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.710 between high and low, or 6.39%. For the last week, the stock has had daily average volatility of 7.71%.
Our recommended stop-loss: $11.26 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (STOK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Stoke Therapeutics, Inc. to open at $11.54, and during the day (based on 14 day Average True Range), to move between $10.57 and $12.81, which gives a possible trading interval of +/-$1.12 (+/-9.60%) up or down from last closing price. If Stoke Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 19.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.66 (0.26%) than the resistance at $13.08 (11.89%), 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
Stoke Therapeutics, Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.600. We will update the financials statements for Stoke Therapeutics, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.47% in the first trading day after earnings release.
Is Stoke Therapeutics, 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 Stoke Therapeutics, Inc. stock to perform well in the short-term.
Current score: 1.407 Buy Candidate Unchanged
Predicted Opening Price for Stoke Therapeutics, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $11.54 ( 1.28%) | $11.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STOK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.25 | 4.79 % | |
| R2 | 11.98 | 2.47 % | ||
| R1 | 11.81 | 1.04 % | ||
| Current price: | 11.69 | |||
| Support | S1 | 11.27 | -3.60 % | |
| S2 | 11.10 | -5.04 % | ||
| S3 | 10.83 | -7.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.17 | 21.21 % | |
| R2 | 13.50 | 15.48 % | ||
| R1 | 13.08 | 11.89 % | ||
| Current price | 11.69 | |||
| Support | S1 | 11.66 | -0.257% | |
| S2 | 11.25 | -3.76% | ||
| S3 | 10.29 | -11.98% |
FAQ
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