Theriva Biologics, Inc. Stock Forecast
Theriva Biologics, Inc. stock price ended at $0.371 on Friday, after losing 0.88%.
(Updated on May 17, 2024)
The Theriva Biologics, Inc. stock price fell by -0.88% on the last day (Friday, 17th May 2024) from $0.374 to $0.371. During the last trading day the stock fluctuated 6.64% from a day low at $0.360 to a day high of $0.384. The price has fallen in 6 of the last 10 days and is down by -8.01% 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 -43 thousand shares and in total, 34 thousand shares were bought and sold for approximately $12.59 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.355 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.01% during the next 3 months and, with a 90% probability hold a price between $0.295 and $0.451 at the end of this 3-month period.
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TOVX Signals & Forecast
There are mixed signals in the stock today. The Theriva Biologics, 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 $0.376 and $0.414. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 1.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Theriva Biologics, Inc. stock
Theriva Biologics, Inc. finds support from accumulated volume at $0.369 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 $0.0239 between high and low, or 6.64%. For the last week the stock has had daily average volatility of 7.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOVX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Theriva Biologics, Inc. to open at $0.372, and during the day (based on 14 day Average True Range), to move between $0.330 and $0.411, which gives a possible trading interval of +/-$0.0404 (+/-10.91%) up or down from last closing price. If Theriva Biologics, Inc. takes out the full calculated possible swing range there will be an estimated 21.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.369 (0.57%) than the resistance at $0.377 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Theriva Biologics, Inc. stock A Buy?
Theriva Biologics, 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: -2.638 Sell Candidate Unchanged
Predicted Opening Price for Theriva Biologics, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.372 ( 0.225%) | $0.371 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOVX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.395 | 6.67 % | |
| R2 | 0.386 | 4.21 % | ||
| R1 | 0.381 | 2.69 % | ||
| Current price: | 0.371 | |||
| Support | S1 | 0.362 | -2.24 % | |
| S2 | 0.357 | -3.76 % | ||
| S3 | 0.348 | -6.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.410 | 10.59 % | |
| R2 | 0.404 | 8.98 % | ||
| R1 | 0.377 | 1.67 % | ||
| Current price | 0.371 | |||
| Support | S1 | 0.369 | -0.566% | |
| S2 | 0.364 | -1.81% | ||
| S3 | 0 | . |
FAQ
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