Calithera Biosciences Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Calithera Biosciences stock price after Friday trading.
(Updated on Apr 26, 2024)
No changes to the price of Calithera Biosciences stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0200 to a day high of $0.0200. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0199 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.32% during the next 3 months and, with a 90% probability hold a price between $0.0184 and $0.0459 at the end of this 3-month period.
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CALA Signals & Forecast
There are mixed signals in the stock today. The Calithera Biosciences 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 $0.0235 and $0.0244. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has fallen 0%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Calithera Biosciences 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.724%.
Our recommended stop-loss: $0.0188 (-6.12%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CALA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Calithera Biosciences to open at $0.0200, and during the day (based on 14 day Average True Range), to move between $0.0147 and $0.0253, which gives a possible trading interval of +/-$0.0053 (+/-26.52%) up or down from last closing price. If Calithera Biosciences takes out the full calculated possible swing range there will be an estimated 53.04% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0246, some $0.0046 (22.75%) from the current price of $0.0200, our system finds the risk reward not very attractive.
Is Calithera Biosciences stock A Buy?
Calithera Biosciences holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Calithera Biosciences of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0200 ( 0%) | $0.0200 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CALA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0200 | . | |
| R2 | 0.0200 | . | ||
| R1 | 0.0200 | . | ||
| Current price: | 0.0200 | |||
| Support | S1 | 0.0200 | . | |
| S2 | 0.0200 | . | ||
| S3 | 0.0200 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0246 | 22.75 % | ||
| Current price | 0.0200 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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