Checkpoint Therapeutics, Inc. Stock Forecast
Checkpoint Therapeutics, Inc. stock price up 0.348% on Wednesday
(Updated on Apr 24, 2024)
The Checkpoint Therapeutics, Inc. stock price gained 0.348% on the last trading day (Wednesday, 24th Apr 2024), rising from $1.44 to $1.44. During the last trading day the stock fluctuated 4.23% from a day low at $1.42 to a day high of $1.48. The price has fallen in 8 of the last 10 days and is down by -19.1% for this period. Volume fell on the last day by -166 thousand shares and in total, 181 thousand shares were bought and sold for approximately $261.00 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $1.43 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.54% during the next 3 months and, with a 90% probability hold a price between $1.25 and $1.87 at the end of this 3-month period.
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CKPT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.348%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Checkpoint Therapeutics, 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 $1.54 and $1.86. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Checkpoint Therapeutics, Inc. stock
Checkpoint Therapeutics, Inc. finds support from accumulated volume at $1.44 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0600 between high and low, or 4.23%. For the last week the stock has had daily average volatility of 8.24%.
Checkpoint Therapeutics, Inc. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CKPT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Checkpoint Therapeutics, Inc. to open at $1.45, and during the day (based on 14 day Average True Range), to move between $1.33 and $1.55, which gives a possible trading interval of +/-$0.111 (+/-7.70%) up or down from last closing price. If Checkpoint Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 15.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.44 (0.35%) than the resistance at $1.46 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Checkpoint Therapeutics, Inc. stock A Buy?
Checkpoint Therapeutics, 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: -5.055 Strong Sell Candidate Unchanged
Predicted Opening Price for Checkpoint Therapeutics, Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.45 ( 0.463%) | $1.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CKPT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 4.63 % | |
| R2 | 1.48 | 3.04 % | ||
| R1 | 1.47 | 2.05 % | ||
| Current price: | 1.44 | |||
| Support | S1 | 1.42 | -1.13 % | |
| S2 | 1.41 | -2.11 % | ||
| S3 | 1.39 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.78 | 23.61 % | |
| R2 | 1.69 | 17.36 % | ||
| R1 | 1.46 | 1.39 % | ||
| Current price | 1.44 | |||
| Support | S1 | 1.44 | -0.347% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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