Altimmune, Inc. Stock Forecast
Big movements in Altimmune, Inc. stock price on Wednesday moving 22.22% between high and low
(Updated on Mar 27, 2024)
The Altimmune, Inc. stock price gained 2.77% on the last trading day (Wednesday, 27th Mar 2024), rising from $8.65 to $8.89. During the last trading day the stock fluctuated 22.22% from a day low at $7.92 to a day high of $9.68. The price has fallen in 7 of the last 10 days and is down by -18.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $98.19 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.50% during the next 3 months and, with a 90% probability hold a price between $7.06 and $12.24 at the end of this 3-month period.
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ALT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 4.22%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Altimmune, 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 $8.91 and $10.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Altimmune, Inc. stock
Altimmune, Inc. finds support from accumulated volume at $8.87 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 $1.76 between high and low, or 22.22%. For the last week, the stock has had daily average volatility of 9.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALT) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Altimmune, Inc. to open at $8.83, and during the day (based on 14 day Average True Range), to move between $7.90 and $9.88, which gives a possible trading interval of +/-$0.99 (+/-11.15%) up or down from last closing price. If Altimmune, Inc. takes out the full calculated possible swing range there will be an estimated 22.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.87 (0.22%) than the resistance at $9.25 (4.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Altimmune, Inc. stock A Buy?
Altimmune, Inc. 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: -2.589 Sell Candidate Unchanged
Predicted Opening Price for Altimmune, Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$8.83 ( 0.675%) | $8.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.59 | 19.12 % | |
R2 | 9.92 | 11.56 % | ||
R1 | 9.50 | 6.89 % | ||
Current price: | 8.89 | |||
Support | S1 | 8.16 | -8.24 % | |
S2 | 7.74 | -12.91 % | ||
S3 | 7.07 | -20.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.93 | 11.70 % | |
R2 | 9.86 | 10.91 % | ||
R1 | 9.25 | 4.05 % | ||
Current price | 8.89 | |||
Support | S1 | 8.87 | -0.225% | |
S2 | 8.76 | -1.46% | ||
S3 | 8.46 | -4.84% |
ALT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 20, 2017 | Jan 20, 2017 | Sep 14, 2018 | $873.01 | 16,018.53% |
FAQ
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