2seventy bio, Inc. Stock Forecast
2seventy bio, Inc. stock price ended at $4.26 on Friday, after losing 0.82%.
(Updated on Apr 26, 2024)
The 2seventy bio, Inc. stock price fell by -0.82% on the last day (Friday, 26th Apr 2024) from $4.29 to $4.26. During the last trading day the stock fluctuated 5.90% from a day low at $4.14 to a day high of $4.38. The price has fallen in 7 of the last 10 days and is down by -15.58% 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 -3 million shares and in total, 311 thousand shares were bought and sold for approximately $1.32 million.
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 -11.59% during the next 3 months and, with a 90% probability hold a price between $2.45 and $4.82 at the end of this 3-month period.
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TSVT Signals & Forecast
There are few to no technical positive signals at the moment. The 2seventy bio, 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 $4.47 and $4.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -29.08%. 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 2seventy bio, Inc. stock
2seventy bio, Inc. finds support from accumulated volume at $4.19 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.244 between high and low, or 5.90%. For the last week the stock has had daily average volatility of 11.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSVT) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect 2seventy bio, Inc. to open at $4.26, and during the day (based on 14 day Average True Range), to move between $3.78 and $4.73, which gives a possible trading interval of +/-$0.479 (+/-11.27%) up or down from last closing price. If 2seventy bio, Inc. takes out the full calculated possible swing range there will be an estimated 22.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.19 (1.53%) than the resistance at $4.72 (10.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
2seventy bio, Inc. will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.720. We will update the financials statements for 2seventy bio, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 15.19% in the first trading day after earnings release.
Is 2seventy bio, Inc. stock A Buy?
2seventy bio, 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: -4.396 Sell Candidate Unchanged
Predicted Opening Price for 2seventy bio, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $4.26 ( 0.0298%) | $4.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSVT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.50 | 5.76 % | |
| R2 | 4.41 | 3.57 % | ||
| R1 | 4.35 | 2.22 % | ||
| Current price: | 4.26 | |||
| Support | S1 | 4.16 | -2.16 % | |
| S2 | 4.11 | -3.51 % | ||
| S3 | 4.01 | -5.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.14 | 20.80 % | |
| R2 | 4.92 | 15.63 % | ||
| R1 | 4.72 | 10.93 % | ||
| Current price | 4.26 | |||
| Support | S1 | 4.19 | -1.53% | |
| S2 | 4.01 | -5.76% | ||
| S3 | 4.01 | -5.76% |
FAQ
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