ETNB Stock Price Prediction

89Bio Inc

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8.600

+0.470(+5.780%)

Overview
Forecast
Valuation

Should I Buy 89Bio Inc Stock?

Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. ETNB has several negative signals and is within a falling trend, so we believe it will perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Our analysis conclusion for this stock is a Strong Sell candidate.

ETNB stock price ended at $8.6 on Friday, after rising 5.78%

The 89Bio Inc stock price increased by 5.78% on the last trading day (02 May 2025), rising from 8 to 8.13. Throughout the last trading session, the stock experienced a fluctuation of 8.61% , ranging from a day low of $7.78 to a day high of 8.45. The price has declined in 0 of the last 10 days, resulting in a total change of 38.03% during this period. On the last day, trading volume decrease by -279.67K shares, with the rising prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 1.73M shares were traded, amounting to approximately 14.25M.

ETNB Technical Signals

ETNB(89Bio Inc Corp) has 4 buy signals and 5 sell signals now. The current trend is uptrend starting from 2025-03-11. The total price change during this trend is +7.82%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of ETNB over the last 5 trading days is 11.97M. Overall, the technical indicator signals lean more toward a Neutral outlook in the mid-term.

ETNB Moving Average Analysis

89Bio Inc's overall moving average trend leans more bullish as of Friday, May 2, 2025, with 1 negative signals and 3 positive signal. In the mid-term, the SMA_20 being below the SMA_60 signals a strong bearish trend. There will be some resistance from the lines at $8.747086666666666, and $9.774666666666665. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $5.422246666666666, and $4.394666666666667. A break-down below any of these levels will issue sell signals.

ETNB Short Selling Analysis

The short sale ratio of 89Bio Inc(ETNB) as of 30 Apr 2025 is 22.22%, rising from last trading day. With increasing price from 7.55 to 8.02. The short sell activity indicate that short sellers may be anticipating a price reversion.

Technical Signal

Technical Signals Summary

Neutral

Sell

Buy

Moving Average

Swing

Positive

Stock Price Above SMA_5

Short Term

Positive

SMA_5 Above SMA_20

Mid Term

Negative

SMA_20 Below SMA_60

Long Term

Positive

SMA_60 Above SMA_200

Short Selling

Close Price

Short Sale Ratio

Short Sale Volume

4 Bullish Signals

When Value satisfies Signal, Indicator signals Bullish

Indicators

Signal

Value

Meaning

Awesome Oscillator (5, 34)

AO_5_34 > 0

0.394

Bullish

Momentum (10 days)

MOM_10 > 0

2.24

Bullish

Moving Average Convergence Divergence (12, 26, 9)

MACD_12_26_9 > 0

0.0556

Bullish

Closing price

close > fibonacci_R1

8.13

Bullish

5 Bearish Signals

When Value satisfies Signal, Indicator signals Bearish

Indicators

Signal

Value

Meaning

Stochastic Oscillator %K (14, 3, 3)

STOCHk_14_3_3 > 80

94.808

Bearish

Commodity Channel Index (20 days, 0.015 constant)

CCI_20_0.015 > 100

157.778

Bearish

Stochastic RSI %K (14, 14, 3, 3)

STOCHRSIk_14_14_3_3 > 80

100

Bearish

Williams %R (14 days)

WILLR_14 > -20

-9.014

Bearish

Moving Average

60-day SMA crosses below 250-day SMA

Bearish

ETNB Price Prediction & Forecast by Similar Chart Analysis

Based on historical patterns and backtesting of stocks with similar movements to 89Bio Inc(ETNB), our algorithm predicts ETNB's 1-month price at $6.23, with an -10.3%downwardshift. Using a similarity score up to 98.12%and other factors, This forecast updates weekly, adjusting for significant deviations.

Similar Chart

The price prediction chart for 89Bio Inc (ETNB.O) stock, as of Sunday, April 27, 2025 , forecasts a -10.3% change over the next month, based on its high correlation with SEDG.O stock patterns. The similarity between their price movements over the analyzed periods is 98.12%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.

ETNB

Future prediction

Up: -10.3%

SEDG

Down: -10.3%Similarity: 98.12%

Name

Similarity

Up/Down

SEDG.O

98.12%

-10.30%

INDB.O

97.61%

-24.71%

SYRE.O

97.50%

+9.62%

IRON.O

97.41%

+9.09%

TNK.N

97.40%

+24.81%

HOWL.O

97.31%

-8.37%

AKRO.O

97.31%

+9.26%

SMTC.O

97.26%

+3.50%

EOG.N

97.25%

-1.50%

TU.N

97.19%

+3.76%

ETNB Seasonality Analysis

Based on ETNB's historical stock price data across all years, the probability of a positive return in May is66.67%, suggesting it maybe an ideal month to invest in ETNB. In contrast,Augustoffers the highest probability of positive returns at100.00%, making it a potentially strong month for investment.

However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.

Monthly Seasonality

The radar chart shows that buying 89Bio Inc (ETNB.O) stock in August has the highest probability of a positive return (100.00%), while January has the lowest probability (33.33%).

Performance Seasonality

The chart shows 89Bio Inc. (ETNB)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.