Kezar Life Sciences Inc Stock Forecast
Kezar Life Sciences Inc stock price down 0.155% on Thursday
(Updated on Mar 28, 2024)
The Kezar Life Sciences Inc stock price fell by -0.155% on the last day (Thursday, 28th Mar 2024) from $0.90 to $0.90. During the last trading day the stock fluctuated 6.12% from a day low at $0.88 to a day high of $0.94. The price has risen in 6 of the last 10 days and is up by 6.07% over the past 2 weeks. Volume has increased on the last day by 629 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, 1 million shares were bought and sold for approximately $1.03 million.
The stock lies in the middle of a very wide and weak 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 4.80% during the next 3 months and, with a 90% probability hold a price between $0.88 and $1.12 at the end of this 3-month period.
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KZR Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 0.86%. 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 Kezar Life Sciences Inc 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 $0.92 and $0.92. 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). Kezar Life Sciences Inc 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".
Support, Risk & Stop-loss for Kezar Life Sciences Inc stock
Kezar Life Sciences Inc finds support from accumulated volume at $0.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0540 between high and low, or 6.12%. For the last week, the stock has had daily average volatility of 9.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KZR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kezar Life Sciences Inc to open at $0.91, and during the day (based on 14 day Average True Range), to move between $0.83 and $0.98, which gives a possible trading interval of +/-$0.0749 (+/-8.31%) up or down from last closing price. If Kezar Life Sciences Inc takes out the full calculated possible swing range there will be an estimated 16.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.89 (0.85%) than the resistance at $0.97 (7.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kezar Life Sciences Inc stock A Buy?
The Kezar Life Sciences Inc stock holds several negative signals and despite the positive trend, we believe Kezar Life Sciences Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.927 Sell Candidate Unchanged
Predicted Opening Price for Kezar Life Sciences Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.91 ( 0.547%) | $0.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KZR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.96 | 6.54 % | |
R2 | 0.94 | 4.25 % | ||
R1 | 0.93 | 2.84 % | ||
Current price: | 0.90 | |||
Support | S1 | 0.89 | -1.74 % | |
S2 | 0.87 | -3.15 % | ||
S3 | 0.85 | -5.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.03 | 14.24 % | |
R2 | 0.97 | 8.09 % | ||
R1 | 0.97 | 7.53 % | ||
Current price | 0.90 | |||
Support | S1 | 0.89 | -0.85% | |
S2 | 0.88 | -2.40% | ||
S3 | 0.85 | -5.72% |
FAQ
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