Stoke Therapeutics, Inc. Stock Forecast
Red day on Monday for Stoke Therapeutics, Inc.
(Updated on May 06, 2024)
The Stoke Therapeutics, Inc. stock price fell by -1.25% on the last day (Monday, 6th May 2024) from $12.02 to $11.87. During the last trading day the stock fluctuated 5.67% from a day low at $11.65 to a day high of $12.31. The price has risen in 6 of the last 10 days and is up by 5.51% over the past 2 weeks. Volume has increased on the last day by 85 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 609 thousand shares were bought and sold for approximately $7.23 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 $10.60 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 99.67% during the next 3 months and, with a 90% probability hold a price between $21.17 and $36.32 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 -16.23%. 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. 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 $11.78 and $11.20. A breakdown below any of these levels will issue sell signals.
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 $0.660 between high and low, or 5.67%. For the last week, the stock has had daily average volatility of 7.09%.
Our recommended stop-loss: $11.26 (-5.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (STOK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Stoke Therapeutics, Inc. to open at $11.94, and during the day (based on 14 day Average True Range), to move between $10.85 and $12.89, which gives a possible trading interval of +/-$1.02 (+/-8.58%) up or down from last closing price. If Stoke Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 17.16% 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 (1.77%) than the resistance at $13.08 (10.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 2.547 Buy Candidate Unchanged
Predicted Opening Price for Stoke Therapeutics, Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $11.94 ( 0.618%) | $11.87 |
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 | 12.60 | 6.18 % | |
| R2 | 12.35 | 4.05 % | ||
| R1 | 12.20 | 2.74 % | ||
| Current price: | 11.87 | |||
| Support | S1 | 11.69 | -1.51 % | |
| S2 | 11.54 | -2.82 % | ||
| S3 | 11.28 | -4.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.17 | 19.38 % | |
| R2 | 13.50 | 13.73 % | ||
| R1 | 13.08 | 10.19 % | ||
| Current price | 11.87 | |||
| Support | S1 | 11.66 | -1.77% | |
| S2 | 11.25 | -5.22% | ||
| S3 | 10.29 | -13.31% |
FAQ
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