SHPH price prediction for today bearish or bullish

Shuttle Pharmaceuticals Holdings, Inc. (SHPH) is currently exhibiting bearish signals, as indicated by the following points:

1. Recent Performance: SHPH experienced a significant drop of over 22% in pre-market trading on September 3, 2024. This is a substantial decline that could indicate a bearish sentiment in the market.

2. Technical Indicators: The MACD value is at 0.1, which is relatively low and could suggest a bearish trend. The RSI is at 62.73, indicating that the stock may be neither overbought nor oversold. The KDJ value of 65.38 suggests that the stock may be in an overbought condition, which could lead to a price correction.

3. Moving Averages: The 5-day moving average is $2.04, and the 10-day moving average is $2.13. The stock is currently trading below these short-term moving averages, which could indicate a bearish trend if it were to continue.

4. Support and Resistance Levels: The narrow support level is at $2.34, and the resistance level is at $2.4. The stock is closer to the support level, which could indicate a potential drop if the price falls below this point.

5. Short-term Trend Forecast: The short-term trend forecast for SHPH is bearish. This aligns with the other indicators suggesting a potential price decline.
6. Market Sentiment: There is a general bearish sentiment in the market, as indicated by the significant increase in short interest in June and the decline in short interest in May. This suggests that investors may be bearish on the stock.

In conclusion, while there are some indicators that suggest a potential bullish trend, such as the RSI and the recent price gain, the overall bearish signals from the MACD, KDJ, and moving averages indicate that SHPH's stock may experience a bearish turn in the near term. Investors should exercise caution and consider these indicators when making investment decisions for SHPH.