Inovio Pharmaceuticals Stock Forecast
Volatile ride for Inovio Pharmaceuticals stock price on Tuesday moving between $8.35 and $11.00
(Updated on Apr 16, 2024)
The Inovio Pharmaceuticals stock price fell by -12.33% on the last day (Tuesday, 16th Apr 2024) from $10.99 to $9.64. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 31.74% from a day low at $8.35 to a day high of $11.00. The price has fallen in 8 of the last 10 days and is down by -22.36% for this period. Volume has increased on the last day by 490 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, 747 thousand shares were bought and sold for approximately $7.20 million.
Given the current short-term trend, the stock is expected to rise 84.94% during the next 3 months and, with a 90% probability hold a price between $17.82 and $28.17 at the end of this 3-month period.
INO Signals & Forecast
There are few to no technical positive signals at the moment. The Inovio Pharmaceuticals stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $11.13 and $11.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -30.58%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Inovio Pharmaceuticals stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.03 and $9.02. 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, Inovio Pharmaceuticals finds support just below today's level at $9.03. If this is broken, then the next support from accumulated volume will be at $9.02 and $8.17.
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 $2.65 between high and low, or 31.74%. For the last week, the stock has had daily average volatility of 11.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INO) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Inovio Pharmaceuticals to open at $9.66, and during the day (based on 14 day Average True Range), to move between $8.55 and $10.72, which gives a possible trading interval of +/-$1.08 (+/-11.21%) up or down from last closing price. If Inovio Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 22.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.18 (5.66%) than the support at $9.03 (6.28%), 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 Inovio Pharmaceuticals stock A Buy?
The Inovio Pharmaceuticals stock holds several negative signals and despite the positive trend, we believe Inovio Pharmaceuticals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.469 Sell Candidate Unchanged
Predicted Opening Price for Inovio Pharmaceuticals of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| $9.66 ( 0.277%) | $9.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.31 | 27.78 % | |
| R2 | 11.30 | 17.27 % | ||
| R1 | 10.67 | 10.78 % | ||
| Current price: | 9.64 | |||
| Support | S1 | 8.65 | -10.23 % | |
| S2 | 8.02 | -16.72 % | ||
| S3 | 7.01 | -27.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.04 | 24.96 % | |
| R2 | 11.25 | 16.76 % | ||
| R1 | 10.18 | 5.66 % | ||
| Current price | 9.64 | |||
| Support | S1 | 9.03 | -6.28% | |
| S2 | 9.02 | -6.38% | ||
| S3 | 8.17 | -15.20% |
INO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2017 | Sep 28, 2017 | Oct 16, 2017 | $0.0690 | 0.0926% |
| 2 | Aug 22, 2017 | Aug 29, 2017 | Sep 15, 2017 | $0.0690 | 0.0963% |
| 3 | Jul 25, 2017 | Jul 27, 2017 | Aug 15, 2017 | $0.0690 | 0.102% |
| 4 | Jun 23, 2017 | Jun 28, 2017 | Jul 17, 2017 | $0.0690 | 0.0740% |
FAQ
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