Third Harmonic Bio, Inc. Common Stock Stock Forecast
Stronger technical forecast for Third Harmonic Bio, Inc. Common Stock stock price after Wednesday trading.
(Updated on Jul 03, 2024)
The Third Harmonic Bio, Inc. Common Stock stock price fell by -2.37% on the last day (Wednesday, 3rd Jul 2024) from $12.24 to $11.95. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.30% from a day low at $11.63 to a day high of $12.13. The price has risen in 6 of the last 10 days but is still down by -3% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 38 thousand shares were bought and sold for approximately $453.05 thousand.
Given the current short-term trend, the stock is expected to rise 17.71% during the next 3 months and, with a 90% probability hold a price between $14.07 and $19.68 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. 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 $12.57 and $13.42. 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 -23.10%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Third Harmonic Bio, Inc. Common Stock stock
Third Harmonic Bio, Inc. Common Stock finds support from accumulated volume at $11.79 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.500 between high and low, or 4.30%. For the last week the stock has had daily average volatility of 5.71%.
Our recommended stop-loss: $11.18 (-6.46%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (THRD) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Third Harmonic Bio, Inc. Common Stock to open at $11.90, and during the day (based on 14 day Average True Range), to move between $11.17 and $12.73, which gives a possible trading interval of +/-$0.782 (+/-6.55%) 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 13.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.98 (0.25%) than the support at $11.79 (1.34%), 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 Third Harmonic Bio, Inc. Common Stock stock A Buy?
Third Harmonic Bio, Inc. Common Stock 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: -0.906 Hold/Accumulate Upgraded
Predicted Opening Price for Third Harmonic Bio, Inc. Common Stock of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $11.90 ( 0.391%) | $11.95 |
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 | 12.40 | 3.79% |
| R2 | 12.21 | 2.20% |
| R1 | 12.09 | 1.21% |
| Price | 11.95 | |
| S1 | 11.71 | -1.99% |
| S2 | 11.59 | -2.98% |
| S3 | 11.40 | -4.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.00 | 8.79% |
| R2 | 12.30 | 2.93% |
| R1 | 11.98 | 0.251% |
| Price | 11.95 | |
| S1 | 11.79 | -1.34% |
| S2 | 11.52 | -3.60% |
| S3 | 11.05 | -7.53% |
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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