Aclaris Therapeutics Stock Forecast
Red day on Tuesday for Aclaris Therapeutics
(Updated on Apr 23, 2024)
No changes to the price of Aclaris Therapeutics stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 2.88% from a day low at $1.22 to a day high of $1.25. The price has risen in 4 of the last 10 days and is up by 2.52% over the past 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Aclaris Therapeutics stock with a 90% probability to be traded between $1.08 and $1.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ACRS 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 Aclaris Therapeutics 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 $1.22 and $1.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Aclaris Therapeutics stock
Aclaris Therapeutics finds support from accumulated volume at $1.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0350 between high and low, or 2.88%. For the last week the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACRS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Aclaris Therapeutics to open at $1.23, and during the day (based on 14 day Average True Range), to move between $1.16 and $1.28, which gives a possible trading interval of +/-$0.0644 (+/-5.28%) up or down from last closing price. If Aclaris Therapeutics takes out the full calculated possible swing range there will be an estimated 10.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.23 (0.82%) than the support at $1.21 (0.82%), 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 Aclaris Therapeutics stock A Buy?
Aclaris Therapeutics holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.635 Sell Candidate Unchanged
Predicted Opening Price for Aclaris Therapeutics of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $1.23 ( 0.683%) | $1.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACRS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.26 | 3.55 % | |
| R2 | 1.25 | 2.46 % | ||
| R1 | 1.24 | 1.78 % | ||
| Current price: | 1.22 | |||
| Support | S1 | 1.21 | -0.413 % | |
| S2 | 1.21 | -1.09 % | ||
| S3 | 1.19 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.26 | 3.28 % | |
| R2 | 1.25 | 2.46 % | ||
| R1 | 1.23 | 0.82 % | ||
| Current price | 1.22 | |||
| Support | S1 | 1.21 | -0.82% | |
| S2 | 1.20 | -1.64% | ||
| S3 | 1.19 | -2.46% |
FAQ
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