Sienna Biopharmaceuticals Inc Stock Forecast
Sienna Biopharmaceuticals Inc stock price ended at $0.136 on Tuesday, after losing 0%.
(Updated on Jan 21, 2020)
No changes to the price of Sienna Biopharmaceuticals Inc stock on the last trading day (Tuesday, 21st Jan 2020). During the last trading day the stock fluctuated 0% from a day low at $0.136 to a day high of $0.136. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.63% during the next 3 months and, with a 90% probability hold a price between $0.0397 and $0.165 at the end of this 3-month period.
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SNNA 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 Sienna Biopharmaceuticals 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 $0.136 and $0.149. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 17, 2020, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sienna Biopharmaceuticals Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.125. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SNNA) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Sienna Biopharmaceuticals Inc to open at $0.136, and during the day (based on 14 day Average True Range), to move between $0.127 and $0.145, which gives a possible trading interval of +/-$0.0091 (+/-6.71%) up or down from last closing price. If Sienna Biopharmaceuticals Inc takes out the full calculated possible swing range there will be an estimated 13.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.125 (7.81%) than the resistance at $0.155 (14.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sienna Biopharmaceuticals Inc stock A Buy?
Sienna Biopharmaceuticals Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.147 Sell Candidate Unchanged
Predicted Opening Price for Sienna Biopharmaceuticals Inc of Wednesday, January 22, 2020
Fair opening price January 22, 2020 | Current price |
---|---|
$0.136 ( 0%) | $0.136 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNNA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.136 | . | |
R2 | 0.136 | . | ||
R1 | 0.136 | . | ||
Current price: | 0.136 | |||
Support | S1 | 0.136 | . | |
S2 | 0.136 | . | ||
S3 | 0.136 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.169 | 24.26 % | |
R2 | 0.160 | 17.82 % | ||
R1 | 0.155 | 14.14 % | ||
Current price | 0.136 | |||
Support | S1 | 0.125 | -7.81% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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