OpGen, Inc. Stock Forecast

OpGen, Inc. stock price fell more than -8.16% Wednesday closing at $0.563
(Updated on Apr 24, 2024)

OPGN Signals & Forecast

There are few to no technical positive signals at the moment. The OpGen, Inc. 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 $0.609 and $0.600. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -27.82%. 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). OpGen, 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for OpGen, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.464 and $0.460. 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, OpGen, Inc. finds support just below today's level at $0.464. If this is broken, then the next support from accumulated volume will be at $0.460 and $0.455.

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 $0.0460 between high and low, or 8.29%. For the last week, the stock has had daily average volatility of 7.08%.

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

Trading Expectations (OPGN) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect OpGen, Inc. to open at $0.573, and during the day (based on 14 day Average True Range), to move between $0.495 and $0.631, which gives a possible trading interval of +/-$0.0685 (+/-12.17%) up or down from last closing price. If OpGen, Inc. takes out the full calculated possible swing range there will be an estimated 24.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.597 (5.95%) than the support at $0.464 (17.58%), 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 OpGen, Inc. stock A Buy?

The OpGen, Inc. stock holds several negative signals and despite the positive trend, we believe OpGen, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -3.305 Sell Candidate Downgraded

Predicted Opening Price for OpGen, Inc. of Thursday, April 25, 2024

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