Yield10 Bioscience Inc Stock Forecast
Big movements in Yield10 Bioscience Inc stock price on Friday moving 10.00% between high and low
(Updated on Apr 19, 2024)
The Yield10 Bioscience Inc stock price fell by -6.49% on the last day (Friday, 19th Apr 2024) from $0.273 to $0.255. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 10.00% from a day low at $0.250 to a day high of $0.275. The price has fallen in 9 of the last 10 days and is down by -34.13% for this period. Volume has increased on the last day by 854 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, 277 thousand shares were bought and sold for approximately $70.71 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.241 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.06% during the next 3 months and, with a 90% probability hold a price between $0.306 and $0.593 at the end of this 3-month period.
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YTEN Signals & Forecast
There are few to no technical positive signals at the moment. The Yield10 Bioscience 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 $0.286 and $0.302. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -41.33%. 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). Yield10 Bioscience 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 Yield10 Bioscience Inc stock
Yield10 Bioscience Inc finds support from accumulated volume at $0.252 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 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 $0.0250 between high and low, or 10.00%. For the last week, the stock has had daily average volatility of 9.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YTEN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Yield10 Bioscience Inc to open at $0.260, and during the day (based on 14 day Average True Range), to move between $0.197 and $0.313, which gives a possible trading interval of +/-$0.0577 (+/-22.62%) up or down from last closing price. If Yield10 Bioscience Inc takes out the full calculated possible swing range there will be an estimated 45.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.252 (1.18%) than the resistance at $0.259 (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yield10 Bioscience Inc stock A Buy?
The Yield10 Bioscience Inc stock holds several negative signals and despite the positive trend, we believe Yield10 Bioscience Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.930 Sell Candidate Unchanged
Predicted Opening Price for Yield10 Bioscience Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.260 ( 1.96%) | $0.255 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YTEN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.285 | 11.76 % | |
| R2 | 0.275 | 8.02 % | ||
| R1 | 0.270 | 5.71 % | ||
| Current price: | 0.255 | |||
| Support | S1 | 0.250 | -1.78 % | |
| S2 | 0.245 | -4.10 % | ||
| S3 | 0.235 | -7.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.311 | 22.00 % | |
| R2 | 0.265 | 3.92 % | ||
| R1 | 0.259 | 1.49 % | ||
| Current price | 0.255 | |||
| Support | S1 | 0.252 | -1.18% | |
| S2 | 0.248 | -2.71% | ||
| S3 | 0.220 | -13.73% |
FAQ
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