Tevogen Bio Holdings Inc. Stock Forecast
A very red day for Tevogen Bio Holdings Inc. stock price after a -7.60% fall in the Monday trading session
(Updated on Jun 17, 2024)
The Tevogen Bio Holdings Inc. stock price fell by -7.60% on the last day (Monday, 17th Jun 2024) from $0.0250 to $0.0231. During the last trading day the stock fluctuated 10.00% from a day low at $0.0210 to a day high of $0.0231. The price has fallen in 5 of the last 10 days and is down by -42.25% for this period. Volume has increased on the last day by 26 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, 26 thousand shares were bought and sold for approximately $590.23 .
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 -62.44% during the next 3 months and, with a 90% probability hold a price between $0.0044 and $0.0126 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TVGNW Signals & Forecast
There are few to no technical positive signals at the moment. The Tevogen Bio Holdings 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 $0.0276 and $0.0444. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -61.50%. 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). Tevogen Bio Holdings Inc. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tevogen Bio Holdings Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0021 between high and low, or 10.00%. For the last week, the stock has had daily average volatility of 12.75%.
Our recommended stop-loss: $0.0219 (-5.30%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (TVGNW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Tevogen Bio Holdings Inc. to open at $0.0224, and during the day (based on 14 day Average True Range), to move between $0.0164 and $0.0298, which gives a possible trading interval of +/-$0.0067 (+/-29.16%) up or down from last closing price. If Tevogen Bio Holdings Inc. takes out the full calculated possible swing range there will be an estimated 58.33% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0250, some $0.0019 (8.23%) from the current price of $0.0231, our system finds the risk reward not very attractive.
Is Tevogen Bio Holdings Inc. stock A Buy?
Tevogen Bio Holdings Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Tevogen Bio Holdings Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0224 ( 3.03%) | $0.0231 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TVGNW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0245 | 6.06% |
| R2 | 0.0237 | 2.59% |
| R1 | 0.0232 | 0.442% |
| Price | 0.0231 | |
| S1 | 0.0216 | -6.50% |
| S2 | 0.0211 | -8.65% |
| S3 | 0.0203 | -12.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0250 | 8.23% |
| Price | 0.0231 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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