AC Immune SA Stock Forecast
High volatility in AC Immune SA stock price on Monday which ended trading at $3.30
(Updated on May 13, 2024)
The AC Immune SA stock price gained 42.86% on the last trading day (Monday, 13th May 2024), rising from $2.31 to $3.30. During the last trading day the stock fluctuated 20.49% from a day low at $2.88 to a day high of $3.47. The price has fallen in 5 of the last 10 days but is still up by 37.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 million more shares were traded than the day before. In total, 32 million shares were bought and sold for approximately $105.03 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $2.82, a level that may pose a second chance to hit a runner. According to fan-theory $3.62 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ACIU Signals & Forecast
Mostly positive signals in the chart today. The AC Immune SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.50 and $2.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 44.10%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for AC Immune SA stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.84 and $2.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AC Immune SA finds support just below today's level at $2.84. If this is broken, then the next support from accumulated volume will be at $2.80 and $2.73.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.590 (20.49%) between high and low. For the last week, the stock has had daily average volatility of 7.65%.
The AC Immune SA stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $3.19 (-3.38%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (ACIU) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect AC Immune SA to open at $3.22, and during the day (based on 14 day Average True Range), to move between $3.07 and $3.53, which gives a possible trading interval of +/-$0.230 (+/-6.97%) up or down from last closing price. If AC Immune SA takes out the full calculated possible swing range there will be an estimated 13.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.33 (0.91%) than the support at $2.84 (13.94%), 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.
Earnings coming up
AC Immune SA will release earnings BMO on Friday, May 17, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.150. We will update the financials statements for AC Immune SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.52% in the first trading day after earnings release.
Is AC Immune SA stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.471 Buy Candidate Upgraded
Predicted Opening Price for AC Immune SA of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| $3.22 ( 2.53%) | $3.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACIU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.81 | 15.35 % | |
| R2 | 3.58 | 8.52 % | ||
| R1 | 3.44 | 4.30 % | ||
| Current price: | 3.30 | |||
| Support | S1 | 2.99 | -9.35 % | |
| S2 | 2.85 | -13.57 % | ||
| S3 | 2.63 | -20.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.77 | 14.24 % | |
| R2 | 3.50 | 6.06 % | ||
| R1 | 3.33 | 0.91 % | ||
| Current price | 3.30 | |||
| Support | S1 | 2.84 | -13.94% | |
| S2 | 2.80 | -15.15% | ||
| S3 | 2.73 | -17.27% |
FAQ
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