ProQR Therapeutics N.V. Stock Forecast
Big movements in ProQR Therapeutics N.V. stock price on Monday moving 15.18% between high and low
(Updated on Apr 15, 2024)
The ProQR Therapeutics N.V. stock price fell by -7.05% on the last day (Monday, 15th Apr 2024) from $2.20 to $2.05. During the last trading day the stock fluctuated 15.18% from a day low at $1.91 to a day high of $2.20. The price has been going up and down for this period, and there has been a -6.62% loss for the last 2 weeks. Volume has increased on the last day by 195 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, 319 thousand shares were bought and sold for approximately $653.20 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.95 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.09% during the next 3 months and, with a 90% probability hold a price between $2.05 and $3.14 at the end of this 3-month period.
PRQR Signals & Forecast
There are few to no technical positive signals at the moment. The ProQR Therapeutics N.V. 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 $2.22 and $2.20. 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 09, 2024, and so far it has fallen -14.44%. 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). ProQR Therapeutics N.V. 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 ProQR Therapeutics N.V. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.94 and $1.93. 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, ProQR Therapeutics N.V. finds support just below today's level at $1.94. If this is broken, then the next support from accumulated volume will be at $1.93 and $1.90.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.290 between high and low, or 15.18%. For the last week, the stock has had daily average volatility of 9.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRQR) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect ProQR Therapeutics N.V. to open at $2.05, and during the day (based on 14 day Average True Range), to move between $1.87 and $2.22, which gives a possible trading interval of +/-$0.172 (+/-8.41%) up or down from last closing price. If ProQR Therapeutics N.V. takes out the full calculated possible swing range there will be an estimated 16.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.09 (2.20%) than the support at $1.94 (5.13%), 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 ProQR Therapeutics N.V. stock A Buy?
The ProQR Therapeutics N.V. stock holds several negative signals and despite the positive trend, we believe ProQR Therapeutics N.V. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.572 Sell Candidate Unchanged
Predicted Opening Price for ProQR Therapeutics N.V. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $2.05 ( 0.326%) | $2.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRQR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.34 | 14.51 % | |
| R2 | 2.23 | 9.09 % | ||
| R1 | 2.16 | 5.74 % | ||
| Current price: | 2.05 | |||
| Support | S1 | 1.94 | -5.09 % | |
| S2 | 1.87 | -8.44 % | ||
| S3 | 1.76 | -13.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.50 | 22.25 % | |
| R2 | 2.12 | 3.67 % | ||
| R1 | 2.09 | 2.20 % | ||
| Current price | 2.05 | |||
| Support | S1 | 1.94 | -5.13% | |
| S2 | 1.93 | -5.62% | ||
| S3 | 1.90 | -7.09% |
FAQ
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