RSI low/high Values: [ 25 - 75 ]
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TTOO
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Red day on Tuesday for T2 Biosystems stock after losing 2.39%
(Updated on Feb 27, 2024)

Buy or Hold candidate since Feb 09, 2024 Gain 8.38% PDF
The T2 Biosystems stock price fell by -2.39% on the last day (Tuesday, 27th Feb 2024) from $5.43 to $5.30. During the last trading day the stock fluctuated 5.47% from a day low at $5.12 to a day high of $5.40. The price has fallen in 6 of the last 10 days and is down by -18.34% for this period. Volume has increased on the last day by 66 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, 131 thousand shares were bought and sold for approximately $694.60 thousand.

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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 20.89% during the next 3 months and, with a 90% probability hold a price between $5.28 and $10.16 at the end of this 3-month period.

TTOO Signals & Forecast

The T2 Biosystems 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 $5.45. On a fall, the stock will find some support from the long-term average at approximately $4.91. 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. 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. A sell signal was issued from a pivot top point on Thursday, December 28, 2023, and so far it has fallen -28.86%. Further fall is indicated until a new bottom pivot has been found. T2 Biosystems 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".

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Support, Risk & Stop-loss for T2 Biosystems stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.82 and $4.81. 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, T2 Biosystems finds support just below today's level at $4.82. If this is broken, then the next support from accumulated volume will be at $4.81 and $4.21.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.280 between high and low, or 5.47%. For the last week, the stock has had daily average volatility of 6.84%.

Our recommended stop-loss: $5.05 (-4.78%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 40 days ago.)

Trading Expectations (TTOO) For The Upcoming Trading Day Of Wednesday 28th

For the upcoming trading day on Wednesday, 28th we expect T2 Biosystems to open at $5.27, and during the day (based on 14 day Average True Range), to move between $4.73 and $5.87, which gives a possible trading interval of +/-$0.570 (+/-10.75%) up or down from last closing price. If T2 Biosystems takes out the full calculated possible swing range there will be an estimated 21.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.82 (9.06%) than the resistance at $6.13 (15.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is T2 Biosystems stock A Buy?

T2 Biosystems 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: 0.526 Open Broker Account

Hold/Accumulate Unchanged

Predicted Opening Price for T2 Biosystems of Wednesday, February 28, 2024

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

Fair opening price February 28, 2024 Current price
$5.27 ( 0.503%) $5.30

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.55 4.78 %
R2 5.45 2.76 %
R1 5.38 1.51 %
Current price: 5.30
Support S1 5.17 -2.52 %
S2 5.10 -3.77 %
S3 4.99 -5.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.49 22.45 %
R2 6.28 18.40 %
R1 6.13 15.66 %
Current price 5.30
Support S1 4.82 -9.06%
S2 4.81 -9.25%
S3 4.21 -20.57%
What is the symbol for T2 Biosystems Stock and on which exchange is it traded?
The symbol for T2 Biosystems is TTOO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell T2 Biosystems Stock?
T2 Biosystems 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.

How to buy T2 Biosystems Stock?
T2 Biosystems Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy T2 Biosystems Stock.

What's the current price of T2 Biosystems Stock?
As of the end of day on the 2024-02-27, the price of an T2 Biosystems (TTOO) share was $5.30.

What is the 52-week high and low for T2 Biosystems Stock?
The 52-week high for T2 Biosystems Stock is $35.00 and the 52-week low is $2.70.

What is the market capitalization of T2 Biosystems Stock?
As of the 2024-02-27, the market capitalization of T2 Biosystems is 21.467M.

When is the next earnings date for T2 Biosystems?
The upcoming earnings date for T2 Biosystems is May 21, 2024.

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About T2 Biosystems

T2 Biosystems T2 Biosystems, Inc., an in vitro diagnostics company, develops diagnostic products and product candidates in the United States and internationally. Its technology enables detection of pathogens, biomarkers, and other abnormalities in various unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum, cerebral spinal fluid, and urine. The company also offers T2Dx Instrument, a bench-top instrument that runs various diagn... TTOO Profile

Top Fintech Company featured in The Global Fintech Index 2020 as the top Fintech company of the country.

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