Thermogenesis Holdings Inc. Stock Forecast

Stronger technical forecast for Thermogenesis Holdings Inc. stock price after Friday trading.
(Updated on May 03, 2024)

THMO Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.16%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Thermogenesis Holdings 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 $0.695 and $0.745. 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).

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

Thermogenesis Holdings Inc. finds support from accumulated volume at $0.689 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 $0.0500 between high and low, or 7.20%. For the last week, the stock has had daily average volatility of 8.60%.

Our recommended stop-loss: $0.662 (-4.67%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (THMO) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Thermogenesis Holdings Inc. to open at $0.711, and during the day (based on 14 day Average True Range), to move between $0.606 and $0.782, which gives a possible trading interval of +/-$0.0877 (+/-12.63%) up or down from last closing price. If Thermogenesis Holdings Inc. takes out the full calculated possible swing range there will be an estimated 25.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.689 (0.75%) than the resistance at $0.81 (16.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Thermogenesis Holdings Inc. stock A Buy?

Thermogenesis Holdings Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.899 Hold/Accumulate Upgraded

Predicted Opening Price for Thermogenesis Holdings Inc. of Monday, May 6, 2024

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