Tourmaline Bio, Inc. Stock Forecast

Big movements in Tourmaline Bio, Inc. stock price on Monday moving 16.75% between high and low
(Updated on Jun 17, 2024)

TRML Signals & Forecast

The Tourmaline Bio, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $15.65. On a fall, the stock will find some support from the long-term average at approximately $14.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 11.82%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Tourmaline Bio, Inc. stock

Tourmaline Bio, Inc. finds support from accumulated volume at $14.42 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.46 between high and low, or 16.75%. For the last week, the stock has had daily average volatility of 8.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TRML) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Tourmaline Bio, Inc. to open at $15.60, and during the day (based on 14 day Average True Range), to move between $13.96 and $16.12, which gives a possible trading interval of +/-$1.08 (+/-7.20%) up or down from last closing price. If Tourmaline Bio, Inc. takes out the full calculated possible swing range there will be an estimated 14.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.20 (1.06%) than the support at $14.42 (4.12%), 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 Tourmaline Bio, Inc. stock A Buy?

Tourmaline Bio, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.357 Sell Candidate Downgraded

Predicted Opening Price for Tourmaline Bio, Inc. of Tuesday, June 18, 2024

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