UroGen Pharma Ltd Stock Forecast
UroGen Pharma Ltd stock price up 0.140% on Thursday
(Updated on Apr 18, 2024)
The UroGen Pharma Ltd stock price gained 0.140% on the last trading day (Thursday, 18th Apr 2024), rising from $14.24 to $14.26. During the last trading day the stock fluctuated 4.15% from a day low at $13.96 to a day high of $14.54. The price has fallen in 5 of the last 10 days but is still up by 4.55% 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, 139 thousand more shares were traded than the day before. In total, 309 thousand shares were bought and sold for approximately $4.40 million.
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 -15.24% during the next 3 months and, with a 90% probability hold a price between $10.72 and $14.61 at the end of this 3-month period.
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URGN Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 10.12%. Further rise is indicated until a new top pivot has been found. 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. The UroGen Pharma Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $15.42. On a fall, the stock will find some support from the short-term average at $14.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for UroGen Pharma Ltd stock
UroGen Pharma Ltd finds support from accumulated volume at $13.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.580 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 8.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (URGN) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect UroGen Pharma Ltd to open at $14.25, and during the day (based on 14 day Average True Range), to move between $13.24 and $15.28, which gives a possible trading interval of +/-$1.02 (+/-7.13%) up or down from last closing price. If UroGen Pharma Ltd takes out the full calculated possible swing range there will be an estimated 14.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.64 (4.35%) than the resistance at $15.10 (5.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is UroGen Pharma Ltd stock A Buy?
UroGen Pharma Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.663 Sell Candidate Unchanged
Predicted Opening Price for UroGen Pharma Ltd of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$14.25 ( 0.0468%) | $14.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for URGN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.83 | 4.02 % | |
R2 | 14.61 | 2.47 % | ||
R1 | 14.47 | 1.51 % | ||
Current price: | 14.26 | |||
Support | S1 | 14.03 | -1.60 % | |
S2 | 13.89 | -2.56 % | ||
S3 | 13.67 | -4.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.66 | 16.83 % | |
R2 | 15.76 | 10.52 % | ||
R1 | 15.10 | 5.89 % | ||
Current price | 14.26 | |||
Support | S1 | 13.64 | -4.35% | |
S2 | 13.25 | -7.08% | ||
S3 | 12.95 | -9.19% |
FAQ
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