GlobeImmune Stock Forecast
High volatility in GlobeImmune stock price on Tuesday which ended trading at $0.756
(Updated on Oct 31, 2017)
The GlobeImmune stock price fell by -3.04% on the last day (Tuesday, 31st Oct 2017) from $0.780 to $0.756. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 31.15% from a day low at $0.610 to a day high of $0.80. The price has fallen in 5 of the last 10 days but is still up by 21.98% over the past 2 weeks. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 thousand shares were bought and sold for approximately $6.52 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 18.29% during the next 3 months and, with a 90% probability hold a price between $0.532 and $1.15 at the end of this 3-month period.
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GBIM Signals & Forecast
The GlobeImmune stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.81. On a fall, the stock will find some support from the long-term average at approximately $0.623. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, October 19, 2017, and so far it has fallen -8.88%. Further fall is indicated until a new bottom pivot has been found. GlobeImmune gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for GlobeImmune stock
GlobeImmune finds support from accumulated volume at $0.750 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.190 between high and low, or 31.15%. For the last week the stock has had daily average volatility of 7.28%.
Our recommended stop-loss: $0.704 (-6.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (GBIM) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect GlobeImmune to open at $0.722, and during the day (based on 14 day Average True Range), to move between $0.674 and $0.84, which gives a possible trading interval of +/-$0.0827 (+/-10.94%) up or down from last closing price. If GlobeImmune takes out the full calculated possible swing range there will be an estimated 21.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.750 (0.83%) than the resistance at $0.80 (5.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GlobeImmune stock A Buy?
GlobeImmune 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.
Current score: 0.140 Hold/Accumulate Unchanged
Predicted Opening Price for GlobeImmune of Wednesday, November 1, 2017
| Fair opening price November 1, 2017 | Current price |
|---|---|
| $0.722 ( 4.52%) | $0.756 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBIM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.91 | 20.60 % | |
| R2 | 0.84 | 11.00 % | ||
| R1 | 0.795 | 5.07 % | ||
| Current price: | 0.756 | |||
| Support | S1 | 0.650 | -14.12 % | |
| S2 | 0.605 | -20.05 % | ||
| S3 | 0.532 | -29.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.85 | 12.39 % | |
| R2 | 0.83 | 9.74 % | ||
| R1 | 0.80 | 5.78 % | ||
| Current price | 0.756 | |||
| Support | S1 | 0.750 | -0.83% | |
| S2 | 0.650 | -14.06% | ||
| S3 | 0.600 | -20.67% |
FAQ
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