MNPR price prediction for today bearish or bullish
9/12/2024 09:42pm
**Monopar Therapeutics (MNPR) is currently exhibiting a bearish trend.** Here's the analysis to support this conclusion:
1. **Recent Performance**: MNPR's closing price on September 12, 2024, was $2.4, which is below the 5-day moving average of $2.84 and the 10-day moving average of $2.63. This indicates a short-term downward trend.
2. **Technical Indicators**:
- The MACD (Moving Average Convergence Divergence) is at 0.37, which is positive and suggests that the stock is gaining momentum. However, the RSI (Relative Strength Index) is at 44.95, indicating that the stock is neither overbought nor oversold, but closer to the oversold territory. This could suggest a potential for a price increase if the stock is not already reflecting its oversold condition.
- The KDJ (Stochastic Oscillator) is at 59.68, which is near the oversold threshold of 50. This suggests that the stock may be undervalued and could potentially rebound.
3. **Support and Resistance Levels**: The support level is at $2.36, and the resistance level is at $2.42. The current price is closer to the support level, which could indicate a bearish sentiment.
4. **Short-term Trend Forecast**: There is no specific short-term trend forecast available, but the closing price below the moving averages and the proximity to the support level suggest a bearish outlook.
5. **Fundamental Analysis**: The earnings release date for the most recent quarter is August 9, 2024, which has already passed without a significant positive impact on the stock price. The lack of a scheduled earnings report for the upcoming quarter could contribute to a lack of positive catalysts for the stock price.
6. **Market Sentiment**: The 1-week percentage change is -1.23%, indicating a recent decline in the stock price. The 1-month percentage change is 1.91%, which is a modest gain, but it doesn't outweigh the current bearish trend.
7. **Price Forecast**: The forecast price for the next twenty trading days ranges from $2.39 to $2.55, which suggests a slight uptick in the stock price, but this forecast is based on historical data and does not guarantee future performance.
In conclusion, while some technical indicators suggest a potential for a rebound, the current price below the moving averages, near the support level, and the lack of upcoming earnings reports indicate a bearish trend for MNPR today.