RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SLDB
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High volatility in Solid Biosciences Inc. stock price on Wednesday which ended trading at $14.25
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 15, 2023 Gain 422.94% PDF

The Solid Biosciences Inc. stock price gained 5.01% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.57 to $14.25. During the last trading day the stock fluctuated 14.08% from a day low at $13.14 to a day high of $14.99. The price has risen in 6 of the last 10 days and is up by 16.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 50 thousand more shares were traded than the day before. In total, 281 thousand shares were bought and sold for approximately $4.00 million.

The stock lies in the middle of a very wide and strong 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 90.14% during the next 3 months and, with a 90% probability hold a price between $21.10 and $29.42 at the end of this 3-month period.

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SLDB Signals & Forecast

The Solid Biosciences Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $13.68 and $10.70. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -3.39%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Solid Biosciences Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $13.08 and $12.23. 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, Solid Biosciences Inc. finds support just below today's level at $13.08. If this is broken, then the next support from accumulated volume will be at $12.23 and $11.14.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.85 between high and low, or 14.08%. For the last week, the stock has had daily average volatility of 11.35%.

Our recommended stop-loss: $13.61 (-4.49%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (SLDB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Solid Biosciences Inc. to open at $14.13, and during the day (based on 14 day Average True Range), to move between $12.91 and $15.59, which gives a possible trading interval of +/-$1.34 (+/-9.42%) up or down from last closing price. If Solid Biosciences Inc. takes out the full calculated possible swing range there will be an estimated 18.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.75 (3.51%) than the support at $13.08 (8.21%), 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 Solid Biosciences Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Solid Biosciences Inc. stock to perform well in the short-term.

Current score: 3.142 Buy Candidate Unchanged

Predicted Opening Price for Solid Biosciences Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$14.13 ( 0.87%) $14.25

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

Trading levels for SLDB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.98 12.12 %
R2 15.27 7.16 %
R1 14.83 4.09 %
Current price: 14.25
Support S1 13.42 -5.82 %
S2 12.98 -8.89 %
S3 12.28 -13.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 14.75 3.51 %
Current price 14.25
Support S1 13.08 -8.21%
S2 12.23 -14.18%
S3 11.14 -21.82%

FAQ

What is the symbol for Solid Biosciences Inc. Stock and on which exchange is it traded?
The symbol for Solid Biosciences Inc. is SLDB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Solid Biosciences Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Solid Biosciences Inc. stock to perform well in the short-term.

How to buy Solid Biosciences Inc. Stock?
Solid Biosciences Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Solid Biosciences Inc. Stock.

What's the current price of Solid Biosciences Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Solid Biosciences Inc. (SLDB) share was $14.25.

What is the 52-week high and low for Solid Biosciences Inc. Stock?
The 52-week high for Solid Biosciences Inc. Stock is $14.99 and the 52-week low is $1.81.

What is the market capitalization of Solid Biosciences Inc. Stock?
As of the 2024-03-27, the market capitalization of Solid Biosciences Inc. is 512.361M.

When is the next earnings date for Solid Biosciences Inc.?
The upcoming earnings date for Solid Biosciences Inc. is May 09, 2024.
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About Solid Biosciences Inc.

Solid Biosciences. Solid Biosciences Inc. engages in developing therapies for duchenne muscular dystrophy in the United States. The company's lead product candidate is SGT-001, a gene transfer candidate, which is in a Phase I/II clinical trial to drive functional dystrophin protein expression in patients' muscles; and SGT-003, a ext-generation gene transfer candidate for the treatment of duchenne muscular dystrophy. It also engages in developing of platform technol... SLDB Profile

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