RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IBIO
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High volatility in Ibio Inc stock price on Thursday which ended trading at $4.06
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 20.83% PDF

The Ibio Inc stock price gained 20.83% on the last trading day (Thursday, 28th Mar 2024), rising from $3.36 to $4.06. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 36.07% from a day low at $3.66 to a day high of $4.98. The price has risen in 8 of the last 10 days and is up by 256.14% over the past 2 weeks. Volume fell on the last day by -116 million shares and in total, 50 million shares were bought and sold for approximately $204.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to rise 9.67% during the next 3 months and, with a 90% probability hold a price between $1.47 and $4.45 at the end of this 3-month period.

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IBIO Signals & Forecast

The Ibio 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 $1.84 and $1.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, January 19, 2024, and so far it has risen 283.71%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Ibio Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.36. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 $1.32 between high and low, or 36.07%. For the last week, the stock has had daily average volatility of 24.27%.

The Ibio Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Ibio Inc has been rising for 8 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $3.96 (-2.58%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 96 and this increases the risk substantially. There is a buy signal from a pivot bottom found 48 days ago.)

Trading Expectations (IBIO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ibio Inc to open at $4.23, and during the day (based on 14 day Average True Range), to move between $3.71 and $4.41, which gives a possible trading interval of +/-$0.350 (+/-8.63%) up or down from last closing price. If Ibio Inc takes out the full calculated possible swing range there will be an estimated 17.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $3.36, some $0.700 (17.24%) from the current price of $4.06, our system finds the risk reward attractive.

Is Ibio Inc stock A Buy?

Ibio Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ibio Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$4.23 ( 4.27%) $4.06

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

Trading levels for IBIO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.55 36.78 %
R2 5.05 24.36 %
R1 4.74 16.69 %
Current price: 4.06
Support S1 3.73 -8.15 %
S2 3.42 -15.82 %
S3 2.91 -28.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 4.06
Support S1 3.36 -17.24%
S2 0 .
S3 0 .

FAQ

What is the symbol for Ibio Inc Stock and on which exchange is it traded?
The symbol for Ibio Inc is IBIO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Ibio Inc Stock?
Ibio Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of Ibio Inc Stock?
As of the end of day on the 2024-03-28, the price of an Ibio Inc (IBIO) share was $4.06.

What is the 52-week high and low for Ibio Inc Stock?
The 52-week high for Ibio Inc Stock is $4.98 and the 52-week low is $0.200.

What is the market capitalization of Ibio Inc Stock?
As of the 2024-03-28, the market capitalization of Ibio Inc is 14.146M.

When is the next earnings date for Ibio Inc?
The upcoming earnings date for Ibio Inc is May 13, 2024.
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About Ibio Inc

Ibio iBio, Inc., a biotechnology company, provides contract development and manufacturing services to collaborators and third-party customers in the United States. The company operates in two segments: Biopharmaceuticals and Bioprocessing. Its lead therapeutic candidate is IBIO-100 that is being advanced for investigational new drug development for the treatment of systemic scleroderma and idiopathic pulmonary fibrosis. The company is also developing ... IBIO Profile

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