Third Harmonic Bio, Inc. Common Stock Stock Forecast
Third Harmonic Bio, Inc. Common Stock stock upgraded to Sell Candidate.
(Updated on Jun 20, 2024)
The Third Harmonic Bio, Inc. Common Stock stock price gained 0.162% on the last trading day (Thursday, 20th Jun 2024), rising from $12.32 to $12.34. During the last trading day the stock fluctuated 9.59% from a day low at $12.09 to a day high of $13.25. The price has fallen in 7 of the last 10 days and is down by -10.19% for this period. Volume fell on the last day by -79 thousand shares and in total, 50 thousand shares were bought and sold for approximately $612.02 thousand. 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.
Given the current short-term trend, the stock is expected to rise 40.98% during the next 3 months and, with a 90% probability hold a price between $17.40 and $24.17 at the end of this 3-month period.
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THRD Signals & Forecast
There are few to no technical positive signals at the moment. The Third Harmonic Bio, Inc. Common Stock stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.24 and $13.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -20.59%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Third Harmonic Bio, Inc. Common Stock stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.52 and $11.05. 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, Third Harmonic Bio, Inc. Common Stock finds support just below today's level at $11.52. If this is broken, then the next support from accumulated volume will be at $11.05 and $9.44.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.16 between high and low, or 9.59%. For the last week the stock has had daily average volatility of 6.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THRD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Third Harmonic Bio, Inc. Common Stock to open at $12.56, and during the day (based on 14 day Average True Range), to move between $11.53 and $13.15, which gives a possible trading interval of +/-$0.81 (+/-6.59%) up or down from last closing price. If Third Harmonic Bio, Inc. Common Stock takes out the full calculated possible swing range there will be an estimated 13.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.52 (6.65%) than the resistance at $13.97 (13.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Third Harmonic Bio, Inc. Common Stock stock A Buy?
The Third Harmonic Bio, Inc. Common Stock stock holds several negative signals and despite the positive trend, we believe Third Harmonic Bio, Inc. Common Stock will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.954 Sell Candidate Upgraded
Predicted Opening Price for Third Harmonic Bio, Inc. Common Stock of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $12.56 ( 1.78%) | $12.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THRD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.72 | 11.18% |
| R2 | 13.28 | 7.59% |
| R1 | 13.00 | 5.37% |
| Price | 12.34 | |
| S1 | 12.12 | -1.81% |
| S2 | 11.84 | -4.03% |
| S3 | 11.40 | -7.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.23 | 15.32% |
| R2 | 14.00 | 13.45% |
| R1 | 13.97 | 13.21% |
| Price | 12.34 | |
| S1 | 11.52 | -6.65% |
| S2 | 11.05 | -10.45% |
| S3 | 9.44 | -23.50% |
THRD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 29, 2014 | Aug 06, 2014 | Aug 15, 2014 | $0.120 | 0% |
| 2 | Apr 24, 2014 | May 06, 2014 | May 15, 2014 | $0.120 | 0% |
| 3 | Jan 24, 2014 | Feb 05, 2014 | Feb 14, 2014 | $0.120 | 0% |
| 4 | Oct 24, 2013 | Nov 06, 2013 | Nov 15, 2013 | $0.100 | 0% |
| 5 | Jul 26, 2013 | Aug 06, 2013 | Aug 15, 2013 | $0.100 | 0% |
FAQ
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