USA A1 Trading Advice (A) | 09-Jul-2024 | Expected Gain 6%-8%

 BUY   Krystal Biotech (NASDAQ: KRYS)

Krystal Biotech (NASDAQ: KRYS) STOCK RECOMMENDATION

Idea BUY
Buy Range 185 – 188
Target 200 – 203
StopLoss* below 180
Duration 12-14 Trading Days
Potential Returns 6% – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 185 – 188 200 – 203 below 180 12-14 Trading Days 6% – 8%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Krystal Biotech (NASDAQ: KRYS) STOCK OVERVIEW

Krystal Biotech, Inc. is a biotechnology company that focuses on discovering, developing, and commercializing genetic medicines for rare diseases in the United States. The company’s current focus is on commercializing VYJUVEK for the treatment of dystrophic epidermolysis bullosa, as well as developing several other genetic medicines for various rare diseases. Founded in 2016, Krystal Biotech, Inc. is based in Pittsburgh, Pennsylvania.

Stock Data
NASDAQ Symbol KRYS
Sectoral Index Health Care
52 Weeks High 192.49
52 Weeks Low 93.95

Krystal Biotech (NASDAQ: KRYS) - RELATIVE STRENGTH

KRYS-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Krystal Biotech —     NASDAQ —

Krystal Biotech (NASDAQ: KRYS) - DAILY TECHNICAL ANALYSIS

Krystal Biotech (NASDAQ: KRYS) - Technical Analysis (Daily)
  • 130 level acted as a strong resistance for the price initially.
  • With a bullish candle, the price broke above this level and reached a new high near 190.
  • However, the price couldn’t hold above this level and corrected.
  • Following a brief consolidation, the price formed an Ascending Triangle pattern and broke out again.
  • If the price remains above 185, there is potential for further upward movement.

Krystal Biotech (NASDAQ: KRYS) - RSI

Krystal Biotech (NASDAQ: KRYS) - RSI
  • Current RSI of this stock is 68.18, which indicates the strength of buyers.

Krystal Biotech (NASDAQ: KRYS) - RSI

Krystal Biotech (NASDAQ: KRYS) - RSI
  • Current RSI of this stock is 68.18, which indicates the strength of buyers.

Krystal Biotech (NASDAQ: KRYS) - MACD

Krystal Biotech (NASDAQ: KRYS) - MACD
  • MACD line has crossed the signal line from the below, generates bullish signal.

Krystal Biotech (NASDAQ: KRYS) - ADX & DI

KRYS-ADX & DI
Krystal Biotech (NASDAQ: KRYS) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Krystal Biotech (NASDAQ: KRYS) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Krystal Biotech stock price target will be USD 200 – USD 203 in the next 12-14 trading sessions.

Krystal Biotech (NASDAQ: KRYS) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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