Hookipa Pharma Inc. Stock Forecast
Green day on Wednesday for Hookipa Pharma Inc.
(Updated on Mar 27, 2024)
The Hookipa Pharma Inc. stock price gained 0.195% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.719 to $0.720. During the last trading day the stock fluctuated 4.12% from a day low at $0.701 to a day high of $0.730. The price has been going up and down for this period, and there has been a -2.85% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 286 thousand more shares were traded than the day before. In total, 415 thousand shares were bought and sold for approximately $299.14 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hookipa Pharma Inc. stock with a 90% probability to be traded between $0.597 and $0.795 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HOOK Signals & Forecast
The Hookipa Pharma Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.718 and $0.713. A breakdown below any of these levels will issue sell signals. Hookipa Pharma Inc. 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. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -10.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hookipa Pharma Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.666 and $0.665. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hookipa Pharma Inc. finds support just below today's level at $0.666. If this is broken, then the next support from accumulated volume will be at $0.665 and $0.630.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0289 between high and low, or 4.12%. For the last week, the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HOOK) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Hookipa Pharma Inc. to open at $0.717, and during the day (based on 14 day Average True Range), to move between $0.674 and $0.767, which gives a possible trading interval of +/-$0.0464 (+/-6.44%) up or down from last closing price. If Hookipa Pharma Inc. takes out the full calculated possible swing range there will be an estimated 12.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.750 (4.09%) than the support at $0.666 (7.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hookipa Pharma Inc. stock A Buy?
Hookipa Pharma Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.773 Sell Candidate Unchanged
Predicted Opening Price for Hookipa Pharma Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.717 ( 0.458%) | $0.720 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOOK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.746 | 3.55 % | |
R2 | 0.735 | 2.02 % | ||
R1 | 0.728 | 1.07 % | ||
Current price: | 0.720 | |||
Support | S1 | 0.706 | -1.99 % | |
S2 | 0.699 | -2.94 % | ||
S3 | 0.688 | -4.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.81 | 12.44 % | |
R2 | 0.80 | 11.05 % | ||
R1 | 0.750 | 4.09 % | ||
Current price | 0.720 | |||
Support | S1 | 0.666 | -7.57% | |
S2 | 0.665 | -7.69% | ||
S3 | 0.630 | -12.55% |
FAQ
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