RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TNXP
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Volatile ride for Tonix Pharmaceuticals stock price on Wednesday moving between $0.320 and $0.358
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Loss -5.11% PDF

The Tonix Pharmaceuticals stock price fell by -2.42% on the last day (Wednesday, 27th Mar 2024) from $0.335 to $0.327. During the last trading day the stock fluctuated 11.91% from a day low at $0.320 to a day high of $0.358. The price has risen in 5 of the last 10 days but is still down by -1.63% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -226 thousand shares and in total, 2 million shares were bought and sold for approximately $504.93 thousand.

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 3.71% during the next 3 months and, with a 90% probability hold a price between $0.291 and $0.407 at the end of this 3-month period.

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TNXP Signals & Forecast

There are few to no technical positive signals at the moment. The Tonix Pharmaceuticals 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 $0.341 and $0.352. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -15.31%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Tonix Pharmaceuticals stock

Tonix Pharmaceuticals finds support from accumulated volume at $0.319 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0381 between high and low, or 11.91%. For the last week the stock has had daily average volatility of 9.19%.

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

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

For the upcoming trading day on Thursday, 28th we expect Tonix Pharmaceuticals Holding Corp. to open at $0.335, and during the day (based on 14 day Average True Range), to move between $0.298 and $0.356, which gives a possible trading interval of +/-$0.0289 (+/-8.85%) up or down from last closing price. If Tonix Pharmaceuticals Holding Corp. takes out the full calculated possible swing range there will be an estimated 17.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.328 (0.34%) than the support at $0.319 (2.45%), 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 Tonix Pharmaceuticals Holding Corp. stock A Buy?

The Tonix Pharmaceuticals stock holds several negative signals and despite the positive trend, we believe Tonix Pharmaceuticals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.850 Sell Candidate Unchanged

Predicted Opening Price for Tonix Pharmaceuticals Holding Corp. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.335 ( 2.48%) $0.327

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

Trading levels for TNXP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.373 14.13 %
R2 0.359 9.68 %
R1 0.350 6.93 %
Current price: 0.327
Support S1 0.320 -1.97 %
S2 0.311 -4.72 %
S3 0.297 -9.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.370 13.18 %
R2 0.330 0.95 %
R1 0.328 0.336 %
Current price 0.327
Support S1 0.319 -2.45%
S2 0.307 -6.03%
S3 0.282 -13.74%

FAQ

What is the symbol for Tonix Pharmaceuticals Stock and on which exchange is it traded?
The symbol for Tonix Pharmaceuticals is TNXP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Tonix Pharmaceuticals Stock?
The Tonix Pharmaceuticals stock holds several negative signals and despite the positive trend, we believe Tonix Pharmaceuticals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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

What's the current price of Tonix Pharmaceuticals Stock?
As of the end of day on the 2024-03-27, the price of an Tonix Pharmaceuticals (TNXP) share was $0.327.

What is the 52-week high and low for Tonix Pharmaceuticals Stock?
The 52-week high for Tonix Pharmaceuticals Stock is $2.24 and the 52-week low is $0.260.

What is the market capitalization of Tonix Pharmaceuticals Stock?
As of the 2024-03-27, the market capitalization of Tonix Pharmaceuticals is 27.073M.

When is the next earnings date for Tonix Pharmaceuticals?
The upcoming earnings date for Tonix Pharmaceuticals is May 06, 2024.
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About Tonix Pharmaceuticals Holding Corp.

Tonix Pharmaceuticals Tonix Pharmaceuticals Holding Corp., a clinical-stage biopharmaceutical company, focuses on discovering, acquiring, developing, and licensing therapeutics and diagnostics to treat and prevent human disease and alleviate suffering. Its portfolio includes immunology, rare disease, infectious disease, and central nervous system (CNS) product candidates. The company's immunology portfolio includes biologics to address organ transplant rejection, auto... TNXP Profile

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