Ibio Inc Stock Forecast
Volatile ride for Ibio Inc stock price on Thursday moving between $1.73 and $1.90
(Updated on Apr 18, 2024)
The Ibio Inc stock price fell by -6.35% on the last day (Thursday, 18th Apr 2024) from $1.89 to $1.77. During the last trading day the stock fluctuated 10.13% from a day low at $1.73 to a day high of $1.90. The price has fallen in 7 of the last 10 days and is down by -28.92% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -89 thousand shares and in total, 180 thousand shares were bought and sold for approximately $317.97 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.46 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 43.53% during the next 3 months and, with a 90% probability hold a price between $2.09 and $6.26 at the end of this 3-month period.
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IBIO Signals & Forecast
The Ibio Inc 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 $1.94. On a fall, the stock will find some support from the long-term average at approximately $1.74. 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. 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, March 28, 2024, and so far it has fallen -56.40%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Ibio Inc 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.175 between high and low, or 10.13%. For the last week the stock has had daily average volatility of 9.49%.
Ibio Inc is oversold on RSI14 (10). 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: $1.65 (-6.80%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 10 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (IBIO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Ibio Inc to open at $1.80, and during the day (based on 14 day Average True Range), to move between $1.45 and $2.09, which gives a possible trading interval of +/-$0.319 (+/-18.02%) up or down from last closing price. If Ibio Inc takes out the full calculated possible swing range there will be an estimated 36.04% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.99, some $0.220 (12.43%) from the current price of $1.77, our system finds the risk reward not very attractive.
Is Ibio Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ibio Inc stock to perform well in the short-term.
Current score: 1.804 Buy Candidate Unchanged
Predicted Opening Price for Ibio Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $1.80 ( 1.61%) | $1.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.97 | 11.48 % | |
| R2 | 1.91 | 7.71 % | ||
| R1 | 1.87 | 5.38 % | ||
| Current price: | 1.77 | |||
| Support | S1 | 1.73 | -2.16 % | |
| S2 | 1.69 | -4.49 % | ||
| S3 | 1.62 | -8.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.11 | 19.21 % | |
| R2 | 2.02 | 14.12 % | ||
| R1 | 1.99 | 12.43 % | ||
| Current price | 1.77 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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