$SHPH +31% Surge Above $2 Faces Violent Swings
$Shuttle Pharmaceuticals Inc(SHPH)$
SHPH Explodes +31.29%: Volatility Spikes as Stock Reclaims $2 Level
Latest Close Data
Closed at $2.14, up +31.29% from the previous close of $1.63. The stock remains significantly down, trading -91.5% below its 52-week high of $25.25.
Core Market Drivers
Extreme volatility and a massive 144.78% intraday range were the primary drivers, with no specific news cited in the provided data.
The surge in volume (127M shares, VR 99.49) and a 6580.97% turnover rate indicate intense speculative interest, potentially fueled by momentum trading or a short squeeze.
Technical Analysis
The explosive move is supported by surging volume and strong momentum indicators.
The 6-day RSI jumped to 71.49, nearing overbought territory, while the MACD histogram turned positive (0.043), signaling a potential bullish crossover as DIF (-0.047) attempts to rise above DEA (-0.068).
Key Price Levels
Primary Support: $1.63 (Previous close & key breakout level).
Immediate Pivot: $2.14 (Today's close, now becomes critical support).
Strong Resistance: $2.15 (Immediate technical resistance, a break above could target the $4.44 daily high).
Valuation Perspective
The company is pre-revenue with negative earnings (EPS TTM: -$11.16). The P/E ratio is negative (-0.192), making traditional valuation metrics irrelevant. Investors are purely trading on momentum and future pipeline potential.
Analyst Targets
No institutional analyst targets or ratings were provided in the data, highlighting the stock's speculative and under-followed nature.
Weekly Outlook
Expect continued extreme volatility. The immediate battle is at the $2.15 resistance. A sustained break above could fuel a move toward the $4.44 high. Failure to hold $2.14 may see a sharp pullback toward the $1.63 support.
Risk Disclaimer
This is a highly volatile, micro-cap biotech stock with no current revenue and significant financial losses. The extreme turnover and price action suggest high risk of rapid, large losses. This analysis is for informational purposes only and not financial advice. Please conduct your own due diligence.
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- 闪电侠08·01-21OkkkLikeReport