MabVax Therapeutics Holdings, Inc Stock Forecast

Red day on Wednesday for MabVax Therapeutics Holdings, Inc stock after losing 0%
(Updated on Apr 15, 2020)

MBVX Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The MabVax Therapeutics Holdings, 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 $0.0230 and $0.0238. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 14, 2020, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for MabVax Therapeutics Holdings, Inc stock

MabVax Therapeutics Holdings, Inc finds support from accumulated volume at $0.0228 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%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MBVX) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect MabVax Therapeutics Holdings, Inc to open at $0.0230, and during the day (based on 14 day Average True Range), to move between $0.0217 and $0.0243, which gives a possible trading interval of +/-$0.0013 (+/-5.46%) up or down from last closing price. If MabVax Therapeutics Holdings, Inc takes out the full calculated possible swing range there will be an estimated 10.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0228 (0.87%) than the resistance at $0.0250 (8.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MabVax Therapeutics Holdings, Inc stock A Buy?

The MabVax Therapeutics Holdings, Inc stock holds several negative signals and despite the positive trend, we believe MabVax Therapeutics Holdings, Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.275 Sell Candidate Unchanged

Predicted Opening Price for MabVax Therapeutics Holdings, Inc of Thursday, April 16, 2020

The predicted opening price is based on yesterday's movements between high, low, and closing price.