Y-mAbs Therapeutics Inc. Stock Forecast
Y-mAbs Therapeutics Inc. stock price ended at $14.84 on Thursday, after losing 2.94%.
(Updated on Apr 25, 2024)
The Y-mAbs Therapeutics Inc. stock price fell by -2.94% on the last day (Thursday, 25th Apr 2024) from $15.29 to $14.84. During the last trading day the stock fluctuated 8.15% from a day low at $14.28 to a day high of $15.44. The price has been going up and down for this period, and there has been a 1.44% gain for the last 2 weeks. Volume has increased on the last day by 194 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, 349 thousand shares were bought and sold for approximately $5.18 million.
The stock lies in the middle of a very wide and weak 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 5.87% during the next 3 months and, with a 90% probability hold a price between $13.07 and $20.48 at the end of this 3-month period.
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YMAB Signals & Forecast
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. The Y-mAbs 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 $15.12 and $15.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -20.60%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Y-mAbs Therapeutics Inc. stock
Y-mAbs Therapeutics Inc. finds support from accumulated volume at $14.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.16 between high and low, or 8.15%. For the last week, the stock has had daily average volatility of 6.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YMAB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Y-mAbs Therapeutics Inc. to open at $14.85, and during the day (based on 14 day Average True Range), to move between $13.89 and $15.79, which gives a possible trading interval of +/-$0.95 (+/-6.39%) up or down from last closing price. If Y-mAbs Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 12.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.88 (0.27%) than the support at $14.36 (3.23%), 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 Y-mAbs Therapeutics Inc. stock A Buy?
The Y-mAbs Therapeutics Inc. stock holds several negative signals and despite the positive trend, we believe Y-mAbs Therapeutics Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.422 Sell Candidate Unchanged
Predicted Opening Price for Y-mAbs Therapeutics Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $14.85 ( 0.0979%) | $14.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YMAB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.02 | 7.94 % | |
| R2 | 15.57 | 4.94 % | ||
| R1 | 15.30 | 3.09 % | ||
| Current price: | 14.84 | |||
| Support | S1 | 14.41 | -2.90 % | |
| S2 | 14.14 | -4.75 % | ||
| S3 | 13.69 | -7.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.00 | 1.08 % | |
| R2 | 14.89 | 0.337 % | ||
| R1 | 14.88 | 0.270 % | ||
| Current price | 14.84 | |||
| Support | S1 | 14.36 | -3.23% | |
| S2 | 13.59 | -8.42% | ||
| S3 | 11.27 | -24.06% |
FAQ
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