Unicycive Therapeutics, Inc. Stock Forecast
Red day on Friday for Unicycive Therapeutics, Inc.
(Updated on Apr 19, 2024)
The Unicycive Therapeutics, Inc. stock price fell by -1.83% on the last day (Friday, 19th Apr 2024) from $1.09 to $1.07. During the last trading day the stock fluctuated 7.62% from a day low at $1.05 to a day high of $1.13. The price has fallen in 9 of the last 10 days and is down by -24.65% 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 -667 thousand shares and in total, 226 thousand shares were bought and sold for approximately $242.15 thousand.
Given the current short-term trend, the stock is expected to rise 19.39% during the next 3 months and, with a 90% probability hold a price between $1.28 and $2.38 at the end of this 3-month period.
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UNCY Signals & Forecast
There are few to no technical positive signals at the moment. The Unicycive Therapeutics, 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 $1.15 and $1.38. 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 23, 2024, and so far it has fallen -40.22%. 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 Unicycive Therapeutics, Inc. stock
Unicycive Therapeutics, Inc. finds support from accumulated volume at $1.05 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 $0.0800 between high and low, or 7.62%. For the last week the stock has had daily average volatility of 9.61%.
Unicycive Therapeutics, Inc. is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UNCY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Unicycive Therapeutics, Inc. to open at $1.08, and during the day (based on 14 day Average True Range), to move between $0.96 and $1.18, which gives a possible trading interval of +/-$0.114 (+/-10.64%) up or down from last closing price. If Unicycive Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 21.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.09 (1.87%) than the support at $1.05 (1.87%), 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 Unicycive Therapeutics, Inc. stock A Buy?
The Unicycive Therapeutics, Inc. stock holds several negative signals and despite the positive trend, we believe Unicycive Therapeutics, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.789 Sell Candidate Unchanged
Predicted Opening Price for Unicycive Therapeutics, Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.08 ( 1.25%) | $1.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNCY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.16 | 8.72 % | |
| R2 | 1.13 | 5.87 % | ||
| R1 | 1.11 | 4.10 % | ||
| Current price: | 1.07 | |||
| Support | S1 | 1.05 | -1.61 % | |
| S2 | 1.03 | -3.37 % | ||
| S3 | 1.00 | -6.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.14 | 6.54 % | |
| R2 | 1.12 | 4.67 % | ||
| R1 | 1.09 | 1.87 % | ||
| Current price | 1.07 | |||
| Support | S1 | 1.05 | -1.87% | |
| S2 | 1.00 | -6.54% | ||
| S3 | 0.98 | -8.13% |
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