Yield10 Bioscience Inc Stock Forecast
Big movements in Yield10 Bioscience Inc stock price on Wednesday moving 24.36% between high and low
(Updated on Mar 27, 2024)
The Yield10 Bioscience Inc stock price gained 9.61% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.342 to $0.375. During the last trading day the stock fluctuated 24.36% from a day low at $0.312 to a day high of $0.388. The price has fallen in 6 of the last 10 days but is still up by 48.5% 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, 456 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $668.24 thousand.
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 23.65% during the next 3 months and, with a 90% probability hold a price between $0.308 and $0.544 at the end of this 3-month period.
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YTEN Signals & Forecast
The Yield10 Bioscience 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 $0.339 and $0.278. 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). Yield10 Bioscience Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, March 21, 2024, and so far it has fallen -13.69%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Yield10 Bioscience Inc stock
Yield10 Bioscience Inc finds support from accumulated volume at $0.375 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 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 $0.0760 between high and low, or 24.36%. For the last week, the stock has had daily average volatility of 33.50%.
Our recommended stop-loss: $0.354 (-5.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (YTEN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Yield10 Bioscience Inc to open at $0.358, and during the day (based on 14 day Average True Range), to move between $0.310 and $0.440, which gives a possible trading interval of +/-$0.0654 (+/-17.42%) up or down from last closing price. If Yield10 Bioscience Inc takes out the full calculated possible swing range there will be an estimated 34.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.375 (0.03%) than the resistance at $0.385 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yield10 Bioscience 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 Yield10 Bioscience Inc stock to perform well in the short-term.
Current score: 2.517 Buy Candidate Unchanged
Predicted Opening Price for Yield10 Bioscience Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.358 ( 4.46%) | $0.375 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YTEN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.434 | 15.80 % | |
R2 | 0.405 | 8.06 % | ||
R1 | 0.387 | 3.28 % | ||
Current price: | 0.375 | |||
Support | S1 | 0.329 | -12.20 % | |
S2 | 0.311 | -16.98 % | ||
S3 | 0.282 | -24.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.435 | 15.86 % | ||
R1 | 0.385 | 2.51 % | ||
Current price | 0.375 | |||
Support | S1 | 0.375 | -0.0267% | |
S2 | 0.360 | -4.03% | ||
S3 | 0.350 | -6.69% |
FAQ
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