Matinas Biopharma Holdings Inc Stock Forecast
Red day on Thursday for Matinas Biopharma Holdings Inc stock after losing 1.04%
(Updated on Apr 18, 2024)
The Matinas Biopharma Holdings Inc stock price fell by -1.04% on the last day (Thursday, 18th Apr 2024) from $0.192 to $0.190. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 9.98% from a day low at $0.180 to a day high of $0.198. The price has fallen in 8 of the last 10 days and is down by -13.4% 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 -62 thousand shares and in total, 956 thousand shares were bought and sold for approximately $181.58 thousand.
Given the current short-term trend, the stock is expected to rise 12.55% during the next 3 months and, with a 90% probability hold a price between $0.214 and $0.426 at the end of this 3-month period.
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MTNB Signals & Forecast
There are few to no technical positive signals at the moment. The Matinas Biopharma Holdings 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 $0.200 and $0.255. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -48.62%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Matinas Biopharma Holdings Inc stock
Matinas Biopharma Holdings Inc finds support from accumulated volume at $0.190 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0180 between high and low, or 9.98%. For the last week the stock has had daily average volatility of 6.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MTNB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Matinas Biopharma Holdings Inc to open at $0.190, and during the day (based on 14 day Average True Range), to move between $0.163 and $0.217, which gives a possible trading interval of +/-$0.0273 (+/-14.38%) up or down from last closing price. If Matinas Biopharma Holdings Inc takes out the full calculated possible swing range there will be an estimated 28.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.190 (0.16%) than the resistance at $0.209 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Matinas Biopharma Holdings Inc stock A Buy?
The Matinas Biopharma Holdings Inc stock holds several negative signals and despite the positive trend, we believe Matinas Biopharma Holdings Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.875 Sell Candidate Unchanged
Predicted Opening Price for Matinas Biopharma Holdings Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.190 ( 0.246%) | $0.190 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTNB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.208 | 9.23 % | |
| R2 | 0.201 | 5.61 % | ||
| R1 | 0.196 | 3.37 % | ||
| Current price: | 0.190 | |||
| Support | S1 | 0.183 | -3.86 % | |
| S2 | 0.178 | -6.10 % | ||
| S3 | 0.172 | -9.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.228 | 19.74 % | |
| R2 | 0.219 | 15.47 % | ||
| R1 | 0.209 | 10.00 % | ||
| Current price | 0.190 | |||
| Support | S1 | 0.190 | -0.158% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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