Fate Therapeutics Stock Forecast
Fate Therapeutics stock price down 1.81% on Friday
(Updated on Apr 26, 2024)
The Fate Therapeutics stock price fell by -1.81% on the last day (Friday, 26th Apr 2024) from $3.87 to $3.80. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 5.47% from a day low at $3.75 to a day high of $3.95. The price has fallen in 10 of the last 10 days and is down by -34.14% 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 -838 thousand shares and in total, 3 million shares were bought and sold for approximately $10.37 million.
Given the current short-term trend, the stock is expected to fall -14.88% during the next 3 months and, with a 90% probability hold a price between $3.23 and $6.47 at the end of this 3-month period.
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FATE Signals & Forecast
There are few to no technical positive signals at the moment. The Fate Therapeutics 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 $4.45 and $6.39. 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 07, 2024, and so far it has fallen -54.49%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Fate Therapeutics stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.205 between high and low, or 5.47%. For the last week, the stock has had daily average volatility of 8.88%.
Fate Therapeutics is oversold on RSI14 (2). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FATE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Fate Therapeutics to open at $3.83, and during the day (based on 14 day Average True Range), to move between $3.33 and $4.27, which gives a possible trading interval of +/-$0.469 (+/-12.33%) up or down from last closing price. If Fate Therapeutics takes out the full calculated possible swing range there will be an estimated 24.67% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.87, some $0.0700 (1.84%) from the current price of $3.80, our system finds the risk reward not very attractive.
Earnings coming up
Fate Therapeutics will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.480. We will update the financials statements for Fate Therapeutics, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.19% in the first trading day after earnings release.
Is Fate Therapeutics stock A Buy?
Fate Therapeutics 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: -6.438 Strong Sell Candidate Unchanged
Predicted Opening Price for Fate Therapeutics of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$3.83 ( 0.83%) | $3.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FATE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.04 | 6.23 % | |
R2 | 3.96 | 4.17 % | ||
R1 | 3.91 | 2.89 % | ||
Current price: | 3.80 | |||
Support | S1 | 3.75 | -1.23 % | |
S2 | 3.70 | -2.50 % | ||
S3 | 3.63 | -4.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.54 | 19.47 % | |
R2 | 4.30 | 13.16 % | ||
R1 | 3.87 | 1.84 % | ||
Current price | 3.80 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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