Willow Biosciences Inc. Stock Forecast
Willow Biosciences Inc. stock price ended at $0.110 on Tuesday, after gaining 4.76%.
(Updated on Jun 25, 2024)
The Willow Biosciences Inc. stock price gained 4.76% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.105 to $0.110. During the last trading day the stock fluctuated 0% from a day low at $0.110 to a day high of $0.110. The price has been going up and down for this period, and there has been a 4.76% gain for the last 2 weeks. Volume fell on the last day by -77 thousand shares and in total, 3 thousand shares were bought and sold for approximately $275.00 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 11.20% during the next 3 months and, with a 90% probability hold a price between $0.0944 and $0.149 at the end of this 3-month period.
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WLLW.TO Signals & Forecast
The Willow Biosciences 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 $0.103 and $0.0974. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 15.79%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Willow Biosciences Inc. stock
Willow Biosciences Inc. finds support from accumulated volume at $0.105 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 7.32%.
Our recommended stop-loss: $0.105 (-4.55%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (WLLW.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Willow Biosciences Inc. to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.103 and $0.117, which gives a possible trading interval of +/-$0.0073 (+/-6.65%) up or down from last closing price. If Willow Biosciences Inc. takes out the full calculated possible swing range there will be an estimated 13.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.115 (4.55%) than the support at $0.105 (4.55%), 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 Willow Biosciences Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Willow Biosciences Inc. stock to perform well in the short-term.
Current score: 4.201 Buy Candidate Unchanged
Predicted Opening Price for Willow Biosciences Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.110 ( 0%) | $0.110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WLLW.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.110 | - |
| R2 | 0.110 | - |
| R1 | 0.110 | - |
| Price | 0.110 | |
| S1 | 0.110 | - |
| S2 | 0.110 | - |
| S3 | 0.110 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.130 | 18.18% |
| R1 | 0.115 | 4.55% |
| Price | 0.110 | |
| S1 | 0.105 | -4.55% |
| S2 | 0.0900 | -18.18% |
| S3 | 0.0850 | -22.73% |
FAQ
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