RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CMRX
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Chimerix stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Chimerix stock price gained 4.95% on the last trading day (Thursday, 28th Mar 2024), rising from $1.01 to $1.06. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.46% from a day low at $1.01 to a day high of $1.09. The price has risen in 6 of the last 10 days but is still down by -7.02% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 80 thousand more shares were traded than the day before. In total, 367 thousand shares were bought and sold for approximately $388.66 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.45% during the next 3 months and, with a 90% probability hold a price between $1.17 and $1.58 at the end of this 3-month period.

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CMRX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 10.88%. Further rise is indicated until a new top pivot has been found. Chimerix has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Chimerix stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.11. On a fall, the stock will find some support from the short-term average at $1.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Chimerix stock

Chimerix finds support from accumulated volume at $1.05 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0850 between high and low, or 8.46%. For the last week, the stock has had daily average volatility of 6.17%.

Our recommended stop-loss: $1.01 (-4.38%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (CMRX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Chimerix to open at $1.05, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.13, which gives a possible trading interval of +/-$0.0703 (+/-6.63%) up or down from last closing price. If Chimerix takes out the full calculated possible swing range there will be an estimated 13.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.05 (0.94%) than the resistance at $1.15 (8.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Chimerix stock A Buy?

Chimerix 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: -0.185 Hold/Accumulate Upgraded

Predicted Opening Price for Chimerix of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.05 ( 0.786%) $1.06

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CMRX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.14 7.23 %
R2 1.10 4.17 %
R1 1.08 2.28 %
Current price: 1.06
Support S1 1.02 -3.85 %
S2 1.00 -5.74 %
S3 0.97 -8.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.18 11.32 %
R2 1.17 10.38 %
R1 1.15 8.49 %
Current price 1.06
Support S1 1.05 -0.94%
S2 1.01 -4.72%
S3 0.96 -9.43%

FAQ

What is the symbol for Chimerix Stock and on which exchange is it traded?
The symbol for Chimerix is CMRX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Chimerix Stock?
Chimerix 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.

How to buy Chimerix Stock?
Chimerix Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Chimerix Stock.

What's the current price of Chimerix Stock?
As of the end of day on the 2024-03-28, the price of an Chimerix (CMRX) share was $1.06.

What is the 52-week high and low for Chimerix Stock?
The 52-week high for Chimerix Stock is $1.57 and the 52-week low is $0.88.

What is the market capitalization of Chimerix Stock?
As of the 2024-03-28, the market capitalization of Chimerix is 90.103M.

When is the next earnings date for Chimerix?
The upcoming earnings date for Chimerix is May 02, 2024.
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About Chimerix

Chimerix Chimerix, Inc., a biopharmaceutical company, develops medicines to enhance the lives of patients living with serious diseases. The company's approved product is TEMBEXA (brincidofovir), a lipid conjugate through inhibition of viral DNA synthesis that is developed as a medical countermeasure for smallpox. Its clinical stage development programs include ONC201 a program for treating tumors which harbor the H3 K27M mutation in recurrent diffuse midl... CMRX Profile

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