Tryp Therapeutics Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Tryp Therapeutics Inc. stock price ended at $0.0562 on Thursday, after losing 0%.
(Updated on May 23, 2024)
No changes to the price of Tryp Therapeutics Inc. stock on the last trading day (Thursday, 23rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0562 to a day high of $0.0562. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 256.42% during the next 3 months and, with a 90% probability hold a price between $0.153 and $0.255 at the end of this 3-month period.
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TRYPF Signals & Forecast
The Tryp Therapeutics Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0562 and $0.0452. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tryp Therapeutics Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0490 and $0.0470. 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, Tryp Therapeutics Inc. finds support just below today's level at $0.0490. If this is broken, then the next support from accumulated volume will be at $0.0470 and $0.0429.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.0540 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TRYPF) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Tryp Therapeutics Inc. to open at $0.0562, and during the day (based on 14 day Average True Range), to move between $0.0543 and $0.0581, which gives a possible trading interval of +/-$0.0019 (+/-3.34%) up or down from last closing price. If Tryp Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0490, some $0.0072 (12.81%) from the current price of $0.0562, our system finds the risk reward attractive.
Is Tryp Therapeutics Inc. stock A Buy?
Tryp Therapeutics Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Tryp Therapeutics Inc. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $0.0562 ( 0%) | $0.0562 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRYPF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0562 | . | |
| R2 | 0.0562 | . | ||
| R1 | 0.0562 | . | ||
| Current price: | 0.0562 | |||
| Support | S1 | 0.0562 | . | |
| S2 | 0.0562 | . | ||
| S3 | 0.0562 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0562 | |||
| Support | S1 | 0.0490 | -12.81% | |
| S2 | 0.0470 | -16.37% | ||
| S3 | 0.0429 | -23.67% |
FAQ
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