Today(02 Jun) Stock Pick From A.I. model - LAVA Therapeutics N.V. (LVTX)
Today (02 June 2023) the premarket futures is higher, as investors are positive after US default threat is ending with senate passed legislation to suspend the US debt ceiling and believe that a rate hike pause in June might be in the horizon.
Dow, S&P500, NASDAQ and Russell are all in the green.
I would expect market to open higher today.
Here is the today’s stock pick by A.I.
We have $LAVA Therapeutics N.V.(LVTX)$ as a lead candidate was selected for further development toward clinical studies by Janssen Biotech.
I would look at target Entry Price to be around $2.25-$2.45, if it goes below $2.25 I will check Bear strength , if go above $2.70 and maintain, LVTX could be headed above $3.50.
LAVA Therapeutics N.V. (LVTX) Technical Analysis
From the Technical Analysis - Moving Averages, I would trade in LVTX for short term as LAVA Therapeutics’s (LVTX) 10-Day exponential moving average is 1.84, while LAVA Therapeutics’s (LVTX) share price is $1.9, making it a Buy.
LAVA Therapeutics’s (LVTX) 100-Day exponential moving average is 2.26, while LAVA Therapeutics’s (LVTX) share price is $1.9, making it a Sell.
LAVA Therapeutics’s (LVTX) stock price is $1.9 and LAVA Therapeutics’s (LVTX) 50-day simple moving average is 1.67, creating a Buy signal.
LAVA Therapeutics’s (LVTX) stock price is $1.9 and LAVA Therapeutics’s (LVTX) 100-day simple moving average is 2.31, creating a Sell signal.
LAVA Therapeutics’s (LVTX) stock price is $1.9 and LAVA Therapeutics’s (LVTX) 200-day simple moving average is 3.13, creating a Sell signal.
Do take cautious in trading stocks that has risen on news, this might be a short term surge.
I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST).
Appreciate if you could share your thoughts in the comment section how would you be trading today?
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Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
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