Tivic Health Systems, Inc. Stock Forecast
Tivic Health Systems, Inc. stock price ended at $0.373 on Tuesday, after losing 2.41%.
(Updated on Jul 02, 2024)
The Tivic Health Systems, Inc. stock price fell by -2.41% on the last day (Tuesday, 2nd Jul 2024) from $0.382 to $0.373. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.54% from a day low at $0.372 to a day high of $0.389. The price has fallen in 6 of the last 10 days and is down by -8.85% for this period. Volume has increased on the last day by 61 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 107 thousand shares were bought and sold for approximately $40.01 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -60.14% during the next 3 months and, with a 90% probability hold a price between $0.0296 and $0.281 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TIVC Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tivic Health Systems, 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 $0.392 and $0.418. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -12.26%. Further fall is indicated until a new bottom pivot has been found. Tivic Health Systems, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tivic Health Systems, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0169 between high and low, or 4.54%. For the last week, the stock has had daily average volatility of 4.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TIVC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Tivic Health Systems, Inc. to open at $0.378, and during the day (based on 14 day Average True Range), to move between $0.339 and $0.407, which gives a possible trading interval of +/-$0.0341 (+/-9.15%) up or down from last closing price. If Tivic Health Systems, Inc. takes out the full calculated possible swing range there will be an estimated 18.29% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.400, some $0.0270 (7.24%) from the current price of $0.373, our system finds the risk reward not very attractive.
Is Tivic Health Systems, Inc. stock A Buy?
Tivic Health Systems, 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: -3.406 Sell Candidate Unchanged
Predicted Opening Price for Tivic Health Systems, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.378 ( 1.33%) | $0.373 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIVC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.395 | 5.86% |
| R2 | 0.388 | 4.13% |
| R1 | 0.384 | 3.06% |
| Price | 0.373 | |
| S1 | 0.372 | -0.399% |
| S2 | 0.368 | -1.47% |
| S3 | 0.361 | -3.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.460 | 23.30% |
| R2 | 0.408 | 9.33% |
| R1 | 0.400 | 7.24% |
| Price | 0.373 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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