ImmunityBio, Inc. (IBRX) Technical Analysis

Price Action Analysis

Overview

• The price action for ImmunityBio, Inc. (IBRX) recently shows a bullish tilt on a longer horizon with the price trading well above key moving averages, yet a near-term pullback from recent highs has created a volatile, choppy session.
• The latest data point shows a close around the mid-$9s after an intraday high into the low-$12s, indicating both upside potential and near-term risk.

Daily Timeframe (attached Daily chart)

• Trend direction: Uptrend intact. The price has moved from prior consolidation into higher highs and higher lows, with the current price well above near-term moving averages.
• Breakouts and pullbacks: A pronounced breakout phase occurred as price surged into the $12s, followed by a sharp pullback into the $9s. The pullback featured wide intraday ranges, signaling active trader participation and short-term volatility.
• Candlestick structures: Recent candles exhibit large intraday ranges with a mix of bullish advances and subsequent selling pressure. The presence of long wicks on recent candles suggests price rejection at higher levels and active intraday reversals.
• Volume behavior: Higher-volume episodes accompanied run-ups into the $12s, followed by lighter volume during the pullback. This pattern is consistent with a momentum-driven advance followed by a pause or consolidation rather than a broad distribution phase.

Weekly Timeframe (attached Weekly chart)

• Trend context: The longer-term context remains positive, with a general upward slope in price over the past several weeks to months. The weekly view supports the notion of a durable uptrend, albeit with periodic corrections.
• Pattern hints: No clean, persistent reversal pattern is evident on the weekly chart yet; the price is trading above critical long-term reference points, maintaining a favorable technical stance for prospective long trades on dips.

Key observations from price action

• Price is currently cited near $9.5, having printed an intraday high into the $12s in the recent move before settling lower.
• The immediate vicinity around $9.0–$9.5 appears to be acting as a short-term fulcrum, with previous price activity clustering in that zone.
• The higher-timeframe backdrop (weekly) remains constructive, reinforcing the potential for another leg higher given favorable momentum.

Technical Indicators

Indicator	Current Read	Interpretation
Price (IBRX)	$9.54	Near-term pullback within a broader uptrend; price still trading above major reference levels.
MA50 (approx.)	$4.80	Price markedly above the 50-day MA, indicating positive intermediate-term trend strength.
MA200 (approx.)	$3.10	Price well above the 200-day MA, reinforcing a long-term bullish bias.
RSI (14)	67.8	Elevated momentum, approaching overbought territory. Signals potential for a near-term pause or consolidation rather than an immediate reversal.
MACD	1.40	Positive momentum; MACD line above signal line suggests ongoing upside pressure.
MACD Signal	1.10	Confirms bullish momentum; histogram positive (~0.30) supports continued upside tilt, though momentum is not extreme.

Notes

• The market shows a bullish alignment: price above both MA50 and MA200, and MACD in positive territory with a constructive histogram.
• RSI near 68 implies caution for overextension, but not an outright overbought reading yet. Some consolidation or a test of nearby supports could occur before the next leg higher.

Volume & Momentum Analysis

• Volume profile indicates a clear association between elevated volume and upside moves (notably into the $12s). This suggests robust participation during breakouts.
• The subsequent pullback has been accompanied by comparatively lighter volume, implying that the selling pressure may be testing the strength of the latest rally rather than signaling a full-fledged distribution.
• Momentum indicators corroborate the price action: MACD stays positive with a widening gap earlier in the move, while RSI remains supportive of upside but flagging potential short-term intensity limits.

Implications

• The combination of strong upside momentum, price above major MAs, and higher volume on advances points to a favorable setup for re-entry on dips rather than chasing extended gains.
• Caution is warranted as RSI nears overbought levels, suggesting a near-term pause or a shallow pullback could occur before another leg higher if buyers come in on dips.

Key Buy/Sell Levels

Current price reference: $9.54

Potential buy zones (defined as near-term support or favorable risk-reward areas). For each zone, I note whether it has been touched and the distance from the current price if not touched.

• Buy Level 1: 9.40–9.60 (near-term support / immediate buy zone)

  • Has it been touched? Yes (current price sits within this zone).
  • Distance from current price: 0.00% (currently in the zone).
  • Rationale: This zone aligns with the current price area and minor intraday consolidation; a bounce from here would be consistent with the near-term support dynamics and the bullish longer-term context.

• Buy Level 2: 8.75–9.25

  • Has it been touched? No.
  • Distance from current price: approx $0.29–$0.79 below current price; about 3.0%–8.3% lower.
  • Rationale: A shallow pullback zone where prior price action shows congestion and potential demand build-up. A test of this band with a bullish reversal pattern on volume could provide a favorable risk-reward entry.

• Buy Level 3: 7.50–7.80

  • Has it been touched? No.
  • Distance from current price: approx $1.74–$1.99 below current price; about 19%–21% lower.
  • Rationale: A deeper support zone that corresponds to intermediate-term basing levels observed in prior consolidation periods. Strong validation would come from a reversal with improving volume.

• Buy Level 4: 6.00–6.50

  • Has it been touched? No.
  • Distance from current price: approx $3.04–$3.54 below current price; about 32%–37% lower.
  • Rationale: A more meaningful retracement zone that may coincide with deeper support clusters and potential test of long-term uptrend integrity. Entering here would be for a larger risk budget and a wait-for-confirmation setup (e.g., bullish reversal candlesticks or MACD/RSI confirmation).

How these levels relate to other references

• They align with the fact that the price is decisively above MA50 and MA200, so the most immediate and meaningful support is the near-term cluster around 9.40–9.60.
• The 8.75–9.25 zone sits near minor structure and prior consolidation zones, offering a probable resting area for buyers if price continues to pull back.
• The deeper levels (7.50–7.80 and 6.00–6.50) correspond to larger basing areas where longer-term buyers may re-engage, especially if price tests previous consolidation highs/lows and sees favorable volume.

Trendline drawings (conceptual)

• A horizontal line around 9.40–9.60 captures the immediate support zone where price is currently interacting.
• Additional horizontal trendlines at roughly 8.75–9.25, 7.65, and 6.25 could be drawn to represent the progressively stronger support clusters. These lines would be extended slightly beyond the current time horizon to anticipate near-term dynamics.
• These levels help visualize how price may interact with key swing points, volume clusters, and moving average alignments.

Technical Outlook & Summary

• Price action context: The price remains in a bullish framework on a higher-timeframe basis, evidenced by sustained upside movement and price trading above both MA50 and MA200. Near-term pullbacks are occurring within a bullish context, with the latest action showing a wide intraday range and potential for a bounce from near-term support.
• Volume analysis: Breakouts were accompanied by elevated volume, while the pullback phase has shown comparatively lighter volume. This supports the view that the recent weakness could be a healthy consolidation rather than a distribution wave, keeping the door open for renewed upside on favorable setups.
• Technical signals:
  • Positive momentum: MACD remains bullish with the MACD line above the signal line and a positive histogram.
  • Elevated but not extreme momentum: RSI near 68 suggests momentum is strong but not necessarily exhausted; a pullback to the low- to mid-60s could still occur without negating the uptrend.
  • Price vs. moving averages: Price sits well above MA50 and MA200, reinforcing the structural uptrend and serving as potential dynamic support in pullbacks.
• Key takeaway: In the current context, the most favorable near-term action would be a controlled re-entry on dips toward the 9.40–9.60 zone or, if tested, 8.75–9.25 with confirming bullish price action on higher-volume days. A break above the recent high into the low-to-mid-$12s would re-affirm the bullish posture, while a sustained move below the near-term support (9.40–9.60) and especially below 9.25 could warrant caution and a reassessment of upside risk.

Disclaimer

• The analysis above is based on price action and technical indicators. It does not constitute investment advice. Trading involves risk, and levels are not guarantees of future performance.