Trading Expectations For The Upcoming Trading Day Of Thursday 22ndįor the upcoming trading day on Thursday, 22nd we expect Synthetics Biologics Inc to open at $1.16, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. 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. Synthetics Biologics Inc is oversold on RSI14 (12). For the last week, the stock has had daily average volatility of 5.69%. During the last day, the stock moved $0.0900 between high and low, or 8.11%.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. 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. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". In technical terms, this is called divergence and may be an early warning. Synthetics Biologics Inc gained volume on the last day, but on falling prices. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Thursday, August 04, 2022, and so far it has fallen -26.11%. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $1.31 and $1.44. 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.
The Synthetics Biologics Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock.
There are few to no technical positive signals at the moment.
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