Sutro Biopharma Inc. Stock Forecast
Red day on Friday for Sutro Biopharma Inc.
(Updated on Apr 26, 2024)
No changes to the price of Sutro Biopharma Inc. stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 5.06% from a day low at $3.36 to a day high of $3.53. The price has fallen in 7 of the last 10 days and is down by -17.39% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.95 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.69% during the next 3 months and, with a 90% probability hold a price between $2.55 and $4.64 at the end of this 3-month period.
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STRO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sutro Biopharma 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 $3.60 and $4.18. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Sutro Biopharma Inc. stock
Sutro Biopharma Inc. finds support from accumulated volume at $3.40 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 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 $0.170 between high and low, or 5.06%. For the last week, the stock has had daily average volatility of 6.37%.
Sutro Biopharma Inc. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STRO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Sutro Biopharma Inc. to open at $3.44, and during the day (based on 14 day Average True Range), to move between $3.08 and $3.76, which gives a possible trading interval of +/-$0.343 (+/-10.01%) up or down from last closing price. If Sutro Biopharma Inc. takes out the full calculated possible swing range there will be an estimated 20.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.40 (0.58%) than the resistance at $4.11 (20.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sutro Biopharma Inc. stock A Buy?
Sutro Biopharma Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.185 Strong Sell Candidate Unchanged
Predicted Opening Price for Sutro Biopharma Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.44 ( 0.487%) | $3.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STRO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.61 | 5.46 % | |
| R2 | 3.54 | 3.56 % | ||
| R1 | 3.50 | 2.39 % | ||
| Current price: | 3.42 | |||
| Support | S1 | 3.37 | -1.41 % | |
| S2 | 3.33 | -2.58 % | ||
| S3 | 3.27 | -4.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.18 | 22.22 % | |
| R2 | 4.14 | 21.05 % | ||
| R1 | 4.11 | 20.18 % | ||
| Current price | 3.42 | |||
| Support | S1 | 3.40 | -0.585% | |
| S2 | 3.27 | -4.39% | ||
| S3 | 0 | . |
FAQ
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