Yield10 Bioscience Inc Stock Forecast
High volatility in Yield10 Bioscience Inc stock price on Wednesday which ended trading at $0.235
(Updated on Apr 24, 2024)
The Yield10 Bioscience Inc stock price fell by -8.75% on the last day (Wednesday, 24th Apr 2024) from $0.257 to $0.235. During the last trading day the stock fluctuated 22.01% from a day low at $0.213 to a day high of $0.260. The price has fallen in 8 of the last 10 days and is down by -29.58% for this period. Volume has increased on the last day by 721 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $256.67 thousand.
Given the current short-term trend, the stock is expected to rise 17.00% during the next 3 months and, with a 90% probability hold a price between $0.274 and $0.537 at the end of this 3-month period.
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YTEN Signals & Forecast
There are few to no technical positive signals at the moment. The Yield10 Bioscience 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 $0.263 and $0.302. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -46.04%. 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). Yield10 Bioscience Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Yield10 Bioscience Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.220 and $0.219. 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, Yield10 Bioscience Inc finds support just below today's level at $0.220. If this is broken, then the next support from accumulated volume will be at $0.219 and $0.219.
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 $0.0469 between high and low, or 22.01%. For the last week, the stock has had daily average volatility of 13.75%.
Yield10 Bioscience Inc is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YTEN) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Yield10 Bioscience Inc to open at $0.236, and during the day (based on 14 day Average True Range), to move between $0.180 and $0.289, which gives a possible trading interval of +/-$0.0543 (+/-23.15%) up or down from last closing price. If Yield10 Bioscience Inc takes out the full calculated possible swing range there will be an estimated 46.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.220 (6.18%) than the resistance at $0.259 (10.36%), 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?
The Yield10 Bioscience Inc stock holds several negative signals and despite the positive trend, we believe Yield10 Bioscience Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.134 Sell Candidate Upgraded
Predicted Opening Price for Yield10 Bioscience Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$0.236 ( 0.583%) | $0.235 |
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 | 0.283 | 20.58 % | |
R2 | 0.265 | 12.94 % | ||
R1 | 0.254 | 8.22 % | ||
Current price: | 0.235 | |||
Support | S1 | 0.218 | -7.06 % | |
S2 | 0.207 | -11.78 % | ||
S3 | 0.189 | -19.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.283 | 20.64 % | |
R2 | 0.265 | 13.01 % | ||
R1 | 0.259 | 10.36 % | ||
Current price | 0.235 | |||
Support | S1 | 0.220 | -6.18% | |
S2 | 0.219 | -6.61% | ||
S3 | 0.219 | -6.70% |
FAQ
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