Intellia Therapeutics Inc Stock Forecast
Intellia Therapeutics Inc stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)
The Intellia Therapeutics Inc stock price gained 2.89% on the last trading day (Wednesday, 27th Mar 2024), rising from $26.26 to $27.02. During the last trading day the stock fluctuated 5.29% from a day low at $26.08 to a day high of $27.46. The price has fallen in 6 of the last 10 days and is down by -5.76% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 199 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $30.73 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 2.05% during the next 3 months and, with a 90% probability hold a price between $24.74 and $33.69 at the end of this 3-month period.
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NTLA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.89%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Intellia Therapeutics 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 $27.15 and $28.51. 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).
Support, Risk & Stop-loss for Intellia Therapeutics Inc stock
Intellia Therapeutics Inc finds support from accumulated volume at $26.45 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 $1.38 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 4.07%.
Our recommended stop-loss: $25.60 (-5.24%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (NTLA) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Intellia Therapeutics Inc to open at $26.85, and during the day (based on 14 day Average True Range), to move between $25.51 and $28.53, which gives a possible trading interval of +/-$1.51 (+/-5.59%) up or down from last closing price. If Intellia Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.45 (2.11%) than the resistance at $31.02 (14.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intellia Therapeutics Inc stock A Buy?
Intellia Therapeutics Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.321 Hold/Accumulate Upgraded
Predicted Opening Price for Intellia Therapeutics Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$26.85 ( 0.617%) | $27.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTLA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.23 | 4.49 % | |
R2 | 27.71 | 2.54 % | ||
R1 | 27.38 | 1.33 % | ||
Current price: | 27.02 | |||
Support | S1 | 26.33 | -2.57 % | |
S2 | 26.00 | -3.77 % | ||
S3 | 25.47 | -5.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.80 | 21.39 % | |
R2 | 32.12 | 18.87 % | ||
R1 | 31.02 | 14.80 % | ||
Current price | 27.02 | |||
Support | S1 | 26.45 | -2.11% | |
S2 | 25.26 | -6.51% | ||
S3 | 24.59 | -8.99% |
FAQ
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