MacroGenics Stock Forecast

MacroGenics stock price down 0.186% on Thursday
(Updated on Apr 18, 2024)

MGNX 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 MacroGenics 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 $17.16 and $16.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -25.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for MacroGenics stock

MacroGenics finds support from accumulated volume at $16.06 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 $0.560 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 5.70%.

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

Trading Expectations (MGNX) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect MacroGenics to open at $16.09, and during the day (based on 14 day Average True Range), to move between $14.88 and $17.26, which gives a possible trading interval of +/-$1.19 (+/-7.43%) up or down from last closing price. If MacroGenics takes out the full calculated possible swing range there will be an estimated 14.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.06 (0.06%) than the resistance at $17.26 (7.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MacroGenics stock A Buy?

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

Current score: -3.604 Sell Candidate Unchanged

Predicted Opening Price for MacroGenics of Friday, April 19, 2024

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