ImmuCell Corporation Stock Forecast
Red day on Tuesday for ImmuCell Corporation
(Updated on Apr 23, 2024)
No changes to the price of ImmuCell Corporation stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $5.03 to a day high of $5.03. The price has fallen in 5 of the last 10 days and is down by -3.64% for this period.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.11% during the next 3 months and, with a 90% probability hold a price between $4.80 and $5.28 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ICCC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.199%. 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 ImmuCell Corporation 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 $5.04 and $5.15. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Tuesday, March 19, 2024 and based on theory for this formation the price should go up by 15.75% to $5.82 within 19 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for ImmuCell Corporation stock
ImmuCell Corporation finds support from accumulated volume at $5.02 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.793%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICCC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect ImmuCell Corporation to open at $5.03, and during the day (based on 14 day Average True Range), to move between $4.90 and $5.16, which gives a possible trading interval of +/-$0.131 (+/-2.61%) up or down from last closing price. If ImmuCell Corporation takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.02 (0.20%) than the resistance at $5.05 (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ImmuCell Corporation stock A Buy?
ImmuCell Corporation holds several negative signals and is within a 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: -1.827 Sell Candidate Unchanged
Predicted Opening Price for ImmuCell Corporation of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $5.03 ( 0%) | $5.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICCC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.03 | . | |
| R2 | 5.03 | . | ||
| R1 | 5.03 | . | ||
| Current price: | 5.03 | |||
| Support | S1 | 5.03 | . | |
| S2 | 5.03 | . | ||
| S3 | 5.03 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.20 | 3.38 % | |
| R2 | 5.17 | 2.78 % | ||
| R1 | 5.05 | 0.398 % | ||
| Current price | 5.03 | |||
| Support | S1 | 5.02 | -0.199% | |
| S2 | 4.99 | -0.795% | ||
| S3 | 4.98 | -0.99% |
FAQ
Click here for our free guide on how to buy ImmuCell Corporation Stock.
