Finance

Did ImmunoCellular Therapeutics, Ltd. (IMUC) Trigger A Hold Signal?

ImmunoCellular Therapeutics, Ltd. (NYSE:IMUC) fell by -5.11% in Wednesday’s trading session from $0.36 to $0.34 The stock price went upward in 6 of the last 10 days and has generated 24.96% during the last two weeks. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -1.08 million shares and in total 2.06 M shares exchanged hands for about $700 481.

Inside IMUC’s Recent Trend

ImmunoCellular Therapeutics, Ltd. (IMUC) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -42.15% over the course of a quarter and, with 90% chance the price will be floating in the range of $-0.19 and $0.76 in this timeframe.

ImmunoCellular Therapeutics, Ltd. Technical Signals



IMUC has witnessed its long term and short term MA triggering a buy signal. Many traders watch for short-term averages to cross above long-term averages to signal the beginning of an uptrend. Upon corrections, the price will meet support from the averages between $0.32 and $0.31. A break down through these support points will trigger sell signals. Some other technical concerns emerged as well, putting in risk the future growth of the stock in the next couple of days. Its pivot point high generated sell signal on Tuesday September 19, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. 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.

ImmunoCellular Therapeutics, Ltd. (NYSE:IMUC) Support And Resistance Levels

ImmunoCellular Therapeutics, Ltd. (IMUC) recorded volume accumulation so there will probably be a surplus of buyers at $0.34. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $0.35, $0.36 and $0.37.




Accumulated volume is going to prevent the price from rising further at $0.35 and this action will lead the price to take a temporary pause or stay muted for a few days.

ImmunoCellular Therapeutics, Ltd. (IMUC) Risk Assessment

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be high risk. In the most recent session, the stock price hovered around $0.03 between high and low, or 9.15%. For the last week the stock has had a daily average volatility of 15.83%.

 

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