Yield10 Bioscience Inc Stock Forecast
Yield10 Bioscience Inc stock price fell more than -9.73% Tuesday closing at $1.02
(Updated on Jul 02, 2024)
The Yield10 Bioscience Inc stock price fell by -9.73% on the last day (Tuesday, 2nd Jul 2024) from $1.13 to $1.02. During the last trading day the stock fluctuated 7.84% from a day low at $1.02 to a day high of $1.10. The price has fallen in 5 of the last 10 days and is down by -15% for this period. Volume has increased on the last day by 2 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, 2 thousand shares were bought and sold for approximately $1.92 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 $0.89 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 17.81% during the next 3 months and, with a 90% probability hold a price between $1.05 and $7.78 at the end of this 3-month period.
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YTEN 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 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 $1.17 and $1.91. 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 10, 2024, and so far it has fallen -83.11%. Further fall is indicated until a new bottom pivot has been found. 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
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 $0.0800 between high and low, or 7.84%. For the last week, the stock has had daily average volatility of 4.87%.
Yield10 Bioscience Inc is oversold on RSI14 (16). 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 (YTEN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Yield10 Bioscience Inc to open at $1.05, and during the day (based on 14 day Average True Range), to move between $0.83 and $1.21, which gives a possible trading interval of +/-$0.195 (+/-19.10%) up or down from last closing price. If Yield10 Bioscience Inc takes out the full calculated possible swing range there will be an estimated 38.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.16, some $0.140 (13.73%) from the current price of $1.02, our system finds the risk reward not very attractive.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.599 Strong Sell Candidate Downgraded
Predicted Opening Price for Yield10 Bioscience Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.05 ( 2.61%) | $1.02 |
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 | |
|---|---|---|
| R3 | 1.13 | 10.46% |
| R2 | 1.10 | 7.46% |
| R1 | 1.08 | 5.61% |
| Price | 1.02 | |
| S1 | 1.02 | -0.382% |
| S2 | 1.00 | -2.23% |
| S3 | 0.97 | -5.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.27 | 24.51% |
| R2 | 1.20 | 17.65% |
| R1 | 1.16 | 13.73% |
| Price | 1.02 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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