Thermogenesis Holdings Inc. Stock Forecast

Big movements in Thermogenesis Holdings Inc. stock price on Thursday moving 14.49% between high and low
(Updated on Apr 25, 2024)

THMO Signals & Forecast

There are mixed signals in the stock today. The Thermogenesis Holdings Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.758. On a fall, the stock will find some support from the short-term average at $0.659. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -36.72%. 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). Thermogenesis Holdings Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Thermogenesis Holdings Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.620 and $0.530. 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, Thermogenesis Holdings Inc. finds support just below today's level at $0.620. If this is broken, then the next support from accumulated volume will be at $0.530 and $0.528.

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 $0.0949 between high and low, or 14.49%. For the last week, the stock has had daily average volatility of 15.86%.

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

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

For the upcoming trading day on Friday, 26th we expect Thermogenesis Holdings Inc. to open at $0.695, and during the day (based on 14 day Average True Range), to move between $0.579 and $0.781, which gives a possible trading interval of +/-$0.101 (+/-14.83%) up or down from last closing price. If Thermogenesis Holdings Inc. takes out the full calculated possible swing range there will be an estimated 29.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.686 (0.90%) than the support at $0.620 (8.82%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Thermogenesis Holdings Inc. stock A Buy?

Thermogenesis Holdings Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.207 Sell Candidate Unchanged

Predicted Opening Price for Thermogenesis Holdings Inc. of Friday, April 26, 2024

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