Prediction for slrx tomorrow


Aime
Salarius Pharmaceuticals (SLRX) is expected to experience a mixed bag of technical indicators and market sentiment, with a forecast price range that suggests a cautious outlook.
- Technical Indicators:
- The MACD is at 0.32, indicating a neutral trend1.
- The RSI is at 59.52, which is near the midpoint and suggests a balanced buying and selling pressure1.
- The KDJ is at 37.05, which could indicate a potential price reversal if it is below 50, and a continuation of the current trend if it is above 501.
- The 5-Day Moving Average is $3.26, and the 10-Day Moving Average is $2.68, showing a short-term upward trend2.
SLRX Trend
- Market Sentiment:
- The stock experienced a significant drop of 22.42% on July 31, 2024, with a closing price of $2.563.
- Over the past month, the stock has seen a positive interval percentage change of 7.56%4.
- The forecast price for the next ten trading days ranges from $3.24 to $3.37, with an average of $3.295, which is slightly above the current price.
SLRX Forecast Price
- Analyst Sentiment:
- There is no available consensus rating or average price target from analysts6.
- The sentiment analysis indicates that Salarius Pharmaceuticals's share price is approaching a support level, which could be a critical point for future price movements7.
- Short Interest:
- Short interest in SLRX has increased by 215.43% since its last report, indicating a bearish sentiment among short sellers8.
- The company has 59 thousand shares sold short, which is 10.22% of all regular shares available for trading8.
- Market Position:
- Salarius Pharmaceuticals is a clinical-stage oncology company with a focus on developing treatments for cancers with high unmet medical need9.
- The company's pipeline includes SP-3164 and seclidemstat (SP-2577), which are targeted protein degraders and inhibitors, respectively9.
In conclusion, while the technical indicators suggest a potential for a slight uptick in the short term, the significant drop on the last trading day and the bearish sentiment from short sellers indicate a need for caution. The forecast prices also suggest a narrow range with an average just above the current price, which aligns with a neutral to slightly positive outlook. However, investors should monitor the stock closely for any signs of a potential reversal or a break below the support level.
Source:
1.
SLRX MACD, KDJ, RSI
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